After an incredible 2009 in terms of sales and an at least as promicing start of 2010, Chinese manufacturer BYD posted 1.46 billion yuan ($214 million) earnings for Q4, nearly doubling the initial forecast of 891 million yuan. Full year net profit was 3.79 billion yuan up from 1.02 billion yuan a year earlier.
"BYD is a company that can’t be underestimated," Charles Guo, analyst with JP Morgan told Reuters. "If the Chinese vehicle market expands 10 percent this year BYD’s sales… (read more)