UPDATE 1-China's Buffett-backed BYD to build buses in Bulgaria

Newswire

SHANGHAI, Dec 12 (Reuters) - BYD Co Ltd , the Chinese carmaker backed by billionaire investor Warren Buffett, said on Wednesday that it would launch a joint venture in Bulgaria to produce electric buses, marking its first assembly plant overseas. The move is the latest by a Chinese automaker to expand abroad into emerging markets including Southeast Asia and India. A BYD spokeswoman declined to disclose investment details about the 50-50 joint ...

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