UPDATE 2-China's BYD profits top forecasts, eyes sales surge

Newswire

(Adds sales target, analysts' comments after company briefing) HONG KONG, Feb 23 (Reuters) - China's largest rechargeable battery maker, BYD Co , announced a 31 percent rise in full-year profits on Monday and said it planned to boost its battery sales by more than half this year. BYD, which counts mobile phone giants Motorola Inc and Nokia among its clients, also said it had increased its stake in its car making unit to cash in on huge growth potential in China's automobile industry. ...

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