Guangzhou, Guangdong, China
Dec 7, 2018 5:11 AM
4232 x 2811 Color JPEG
China, Chinese, BYD, carmaker, EV, electric, vehicle, battery, car, auto, automobile
No Model Release, No Property Release
--FILE--People visit the stand of BYD during the 16th China (Guangzhou) International Automobile Exhibition, also known as Auto Guangzhou 2018, in Guangzhou city, south China's Guangdong province, 17 November 2018. China's BYD Co Ltd said on Thursday (6 December 2018) it plans to list its battery business by 2022, the electric vehicle (EV) maker's latest move to rev up its growing battery unit. The Warren Buffett-backed carmaker did not offer details on where the shares would trade. The carmaker was confirming a report earlier from Bloomberg, which cited comments from an interview with BYD Chairman Wang Chuanfu. BYD, which sells the Tang series of cars and plug-in petrol-electric hybrid model Qin, has been trying to shift to all-electric vehicles but has faced battery shortages. It is building more battery production bases to boost capacity. China is the world��'s largest and fast-growing market for new-energy vehicles (NEVs), a category comprising battery-powered cars and plug-in hybrids.