China

BYD says Chinese cars headed to U.S. in late 2015

BYD is returning its sights to the United States after billionaire founder and Chairman Wang Chuanfu completed a three-year reorganization 2013, during which he cut the number of dealerships and narrowed losses at its solar business thanks to state incentives. (BLOOMBERG)
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By:
Bloomberg
January 06, 2014 05:00 AM

Chinese cars are poised to begin hitting U.S. showrooms by as soon as next year. BYD Co., the Chinese automaker backed by Warren Buffett's Berkshire Hathaway Inc., plans to introduce about four models for its U.S. debut at the end of 2015, said Stella Li, the senior vice president in charge of the company's U.S. business, in an interview last week.

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