UPDATE 3-BYD shares plunge on plan to buy car maker


(Adds closing share price, chairman comments) HONG KONG, Jan 23 (Reuters) - Shares of Chinese battery maker BYD Co Ltd ended nearly 20 percent lower on Thursday, reflecting investor scepticism about the firm's unexpected foray into China's competitive auto sector. BYD, which makes mobile phone batteries for companies like Motorola and Ericsson , said earlier in the day it would acquire control of a state-owned mini car maker for 269.5 million yuan (US$32.6 million). Investors punished ...

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