Analysts: BYD's move away from gasoline cars unlikely to start trend
Although Chinese automaker BYD, which is backed by legendary investor Warren Buffett, has announced it has stopped producing traditional fossil fuel-powered vehicles since March, its production shift entirely to electric cars and plug-in hybrids is a natural progression, given that new energy vehicles dominate the company's sales figures.
Zhang Xiang Zhang Hong Troy Lu Warren Buffett Shenzhen Stock Exchange China Association Of Automobile Manufacturers
Source: chinadaily.com.cn