Buffett-Backed BYD Seeks U.S. Electric-Bus Sales as Shares Surge - Bloomberg

Buffett-Backed BYD Seeks U.S. Electric-Bus Sales as Shares Surge - Bloomberg | BYD Co. (1211), the Warren Buffett-backed Chinese auto-and-battery maker, is seeking to increase overseas sales of its electric bus as billionaire founder Wang Chuanfu predicts a "second takeoff" for the company this year. Shenzhen-based BYD has signed contracts this year to supply a total of 35 K9 electric buses to Long Beach and Los Angeles for use in public transportation. It also won an order in the Netherlands, and began trials in Poland and Canada. ...BYD said in May that it will build two factories in Lancaster, California to assemble the K9 vehicles and produce the batteries that power them. The U.S. sales will mark BYD's entry into the world's largest economy, after missing its initial target to start retail sales of its e6 electric hatchbacks in the country by the end of 2011.