Financial Times FT.com

Chinese electric car group speeds up US plans

By Patti Waldmeir in Shanghai

Published: September 1 2009 03:00 | Last updated: September 1 2009 03:00

BYD, the upstart Chinese car company backed by US investment guru Warren Buffett, said yesterday that it would start selling its e6 all-electric sedans in the US next year, a year ahead of schedule.

Announcing in Hong Kong that the company had nearly doubled first-half net profits from a year earlier, Wang Chuanfu, BYD's chairman, also said he was considering selling more shares to Mr Buffett.

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