Warren Buffett-Backed Chinese Automaker BYD Reports 15% Drop In Profit

BYD, the Chinese manufacturer of autos, batteries and phone components that is 10% owned by Warren Buffett’s Berkshire Hathaway, said on Sunday net profit in the first half of the year declined by 15.5% amid a decline in its traditional automobile business.

Warren Buffett-Backed Chinese Automaker BYD Reports 15% Drop In Profit

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