Profit sinks at China automaker BYD, sees recovery
HONG KONG (AP) — Chinese auto and battery maker BYD says profit sank last year because of tougher competition in the world's biggest car market but is likely to recover as new models are released. BYD said demand for batteries for mobile phones and other devices would remain weak while its solar power business is losing less money than it did last year. Reported by SeattlePI.com 1 hour ago.
HONG KONG (AP) — Chinese auto and battery maker BYD says profit sank last year because of tougher competition in the world's biggest car market but is likely to recover as new models are released. BYD said demand for batteries for mobile phones and other devices would remain weak while its solar power business is losing less money than it did last year. Reported by SeattlePI.com 1 hour ago.