May 14, 2009
By Olivia Chung
Sales by China's top 10 automakers as provided by their industry body are on average about 10% higher than those indicated by licenses being issued, Zhang said. The biggest discrepancies, as much as 21%, are evident in the vehicle sales of BYD, in which US investor Warren Buffett has a 9.9% stake. According to CAAM, Shenzhen-based BYD, also noted for its battery-making business, sold 166,700 vehicles last year, while only 137,700 of its vehicles were registered with license plates, based on Zhang's ministry data.
CAAM vice chairman Gu Xianghua, conceding that it depended on the automakers for its data, said the association had called for disclosure of license plates data.
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