About BYD Auto

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Title BYD Auto
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BYD Auto (simplified Chinese: 比亚迪汽车; Pinyin: Bǐyàdí Qìchē) is a Chinese automobile manufacturer based in Shenzhen, Guangdong Province. The firm was established in 2003, and it is a part of BYD Co Ltd, an innovative rechargeable battery maker. In 2009, the company sold 448,400 cars in China, of which about two-third were the BYD F3 model. In December 2008, BYD Auto began selling the world's first mass-produced, plug-in hybrid vehicle, the BYD F3DM. Also in late December, 2008, Warren Buffet spent $230 million buying up a 10% stake in BYD Auto's parent. BYD Co Ltd created the wholly-owned subsidiary BYD Auto a year after its 2002 acquisition of the Tsinchuan Automobile Company. In 2006 BYD began to export its vehicles to foreign countries, and as of 2009 BYD exports its cars to Africa, South America and the Middle East. The company has plans to enter the European and Israeli markets, and hopes to sell vehicles in the United States, too. Its US headquarters are set to be located in LA. A...
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