A young Chinese man won't ever forget the terrible feeling he experienced after bashing an expensive Rolls Royce while overspeeding in his China-made mini car. The traffic offender was on his way to work, recklessly driving a BYD car when the accident occurred. Traffic police arrived at the scene and figured out that the poor … Continue reading CAR-WARS: Rolls Royce and Chinese-made BYD
CHINA (Auto News): BYD Co., the electric-car maker backed by Warren Buffett's Berkshire Hathaway Inc., said a unit of Samsung Electronics Co. bought a $449 million (3 billion yuan) stake in the Chinese auto company. Image: File Photo Shanghai Samsung Semiconductor bought 52.3 million BYD shares at 57.4 yuan apiece in a private placement that raised … Continue reading Samsung Invests $449 Million In China’s BYD.