Feb. 17, 2009 (China Knowledge) - BYD Co Ltd (BYD)<1211>, China's largest rechargeable batteries maker as well as automobile producer, sold 24,107 vehicles in January this year, representing a robust increase of 79.8% year on year, or 39.7% compared with that of last December, sources reported.
The mainland carmaker, in which U.S. investor Warren Buffett holds a 10% stake through MidAmerican Energy Holdings, plans to sell 400,000 cars this year.
Reportedly, BYD is likely to launch six new car models in 2009 and the first one will be the BYD F8, China's first self produced hard top convertible.
The F8, to be equipped with a 1.8L or a 2.0L engine, is scheduled to be released in the first quarter of this year. The F8 is expected to be priced from RMB 150,000 to RMB 200,000 per unit.
Last December, BYD launched its first plug-in electric hybrid car F3DM in the domestic market. The launch of F3DM, in line with the government's drive to cut emissions, was expected to help BYD gain a competitive edge over its rivals in the green vehicle sector.
Shares of BYD slightly edged down 0.36% to close at HK$16.7 on Monday.hat the different plans were; but the Trustee now allocates 76 2/3 per cent of the new stock to the preferred. Related Links
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