{"id":353002,"date":"2010-02-23T06:01:00","date_gmt":"2010-02-23T11:01:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-7901173823655709248"},"modified":"2010-02-23T06:03:46","modified_gmt":"2010-02-23T11:03:46","slug":"reuters-buffett-backed-byd-in-major-auto-export-push","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/353002","title":{"rendered":"REUTERS: Buffett-backed BYD in major auto export push"},"content":{"rendered":"<p><!-- AddThis Button BEGIN --> <\/p>\n<div class=\"columnRight\">\n<div class=\"relatedRail gridPanel grid2\">\n<div id=\"articleInfo\" class=\"module\">\n<div class=\"moduleBody\">\n<div class=\"location\">SHENZHEN, China<\/div>\n<div class=\"timestamp\">Tue Feb 23, 2010 3:55am EST<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p><span id=\"trackingEnabledModule\" name=\"trackingEnabledModule\" modulename=\"Related News\" moduleid=\"10036173\">               <script language=\"javascript\">addImpression(\"10036173_Related News\");<\/script>       <script type=\"text\/javascript\">removeImpression(); <\/script> <\/span>       <span id=\"trackingEnabledModule\" name=\"trackingEnabledModule\" modulename=\"Related News (Auto)\" moduleid=\"10036174\">               <script language=\"javascript\">addImpression(\"10036174_Related News (Auto)\");<\/script>       <\/span>       <\/p>\n<div class=\"columnRight\">\n<div id=\"relatedStocks\" class=\"relatedRail gridPanel grid2\">\n<div class=\"module\">\n<div class=\"moduleHeader\">\n<h3>Stocks<\/h3>\n<\/div>\n<div class=\"moduleBody\">   <span id=\"articleCompanyFlyout\"> <\/span>   <span id=\"articleCompanyInfo\"><\/p>\n<div class=\"articleCompanyBlock\">\n<div class=\"companyName\">BYD Company Limited<\/div>\n<div class=\"companyTicker\" onmouseover=\"companyQuotes.competitorsMouseOver('1211.HK')\">1211.HK<\/div>\n<div class=\"quoteValue changeUp\">HK$63.55<\/div>\n<div class=\"valueContent\"><span class=\"pos\">+2.45<\/span><span class=\"pos\">+4.01%<\/span><\/div>\n<div class=\"timestamp\">8:01pm GMT+1300<\/div>\n<\/div>\n<p><\/span>  <script type=\"text\/javascript\"> var sTicker = '1211.HK'; \/\/var sTicker = '1211.HK'; var baseChartUrl = 'http:\/\/proxycache.reuters.com\/wsod\/enhancements\/chartapi\/chart_api.asp?'; var baseChartFormatting = '&width=300&height=162&headerType=none&display=mountain&theme=blue&preset=stockQuote'; var stockSectionUrl = '\/finance\/stocks\/overview?symbol='; <\/script> <script type=\"text\/javascript\" src=\"http:\/\/www.reuters.com\/resources_v2\/js\/articleCompanyQuotes.js\"><\/script><script type=\"text\/javascript\" src=\"http:\/\/www.reuters.com\/do\/marketDataAjax?type=quote&amp;symbol=1211.HK&amp;callback=companyQuotes.writeQuote\"><\/script>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"columnRight\">\n<div class=\"relatedRail gridPanel grid2\"> <\/div>\n<\/div>\n<p><script type=\"text\/javascript\">     <\/script>     <span id=\"articleText\"> <span id=\"midArticle_start\"><\/span>  <span class=\"focusParagraph\"><\/p>\n<p><span class=\"articleLocation\">SHENZHEN, China (Reuters) &#8211; <\/span>China&#8217;s BYD Co Ltd (<span id=\"symbol_1211.HK_0\"><a href=\"http:\/\/www.reuters.com\/finance\/stocks\/overview?symbol=1211.HK\">1211.HK<\/a><\/span>), backed by U.S. billionaire Warren Buffett, aims to sharply boost its car exports this year, banking on improving demand as the global economy recovers, an executive said on Tuesday.<\/p>\n<p>  <\/span><span id=\"midArticle_0\"><\/span><\/p>\n<p>BYD, which makes both cars and batteries, is aiming to export 5-10 percent of the 800,000 vehicles it expects to produce this year, up sharply from last year when it exported about 2.2 percent of its 450,000 vehicles, said marketing department manager Paul Lin.<\/p>\n<p><span id=\"midArticle_1\"><\/span><\/p>\n<p>&#8220;Exports in 2009 were about the same as 2008 due to the financial crisis,&#8221; Lin told Reuters in an interview at the company&#8217;s headquarters. &#8220;Exports this year should be many times higher.&#8221;<\/p>\n<p><span id=\"midArticle_2\"><\/span><\/p>\n<p>Lin added that BYD is aiming to enter the Western European market for clean technology cars next year, following its plans to export electric cars to the United States as soon as this year.<\/p>\n<p><span id=\"midArticle_3\"><\/span><\/p>\n<p>Hong Kong-listed BYD said last year it would like to list A-shares in Shenzhen to help fund its expansion plans. Lin said the company&#8217;s A-share IPO plan is in progress, and he is confident the offering will occur by year-end.<\/p>\n<p><span id=\"midArticle_4\"><\/span><\/p>\n<p>($1=HK$7.762)<\/p>\n<p><span id=\"midArticle_5\"><\/span><\/p>\n<p>(Reporting by Alison Leung; Editing by Jacqueline Wong)<\/p>\n<p><\/span><\/p>\n<p class=\"textBodyBlack\"><a name=\"comments\"><span style=\"font-weight: bold;\">Share Investor Links<\/span><\/a><a name=\"comments\"><\/a><\/p>\n<p><a href=\"http:\/\/www.shareinvestorblog.com\/\">Share Investor Blog<\/a> &#8211; Stockmarket &amp; Business commentary<br \/><a href=\"http:\/\/shareinvestornz.blogspot.com\/2007\/02\/new-zealand-business-news.html\">Share Investor New Zealand Business News<\/a>&#8211; Get more business news<br \/>Discuss this topic @<a href=\"http:\/\/www.shareinvestorforum.com\/\"> Share Investor Forum<\/a> &#8211; <a 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2010 3:55am EST Stocks BYD Company Limited 1211.HK HK$63.55 +2.45+4.01% 8:01pm GMT+1300 SHENZHEN, China (Reuters) &#8211; China&#8217;s BYD Co Ltd (1211.HK), backed by U.S. billionaire Warren Buffett, aims to sharply boost its car exports this year, banking on improving demand as the global economy recovers, an executive said on Tuesday. [&hellip;]<\/p>\n","protected":false},"author":833,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-353002","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/353002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/833"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=353002"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/353002\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=353002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=353002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=353002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}