Buffet-backed BYD stops making oil-fuelled cars in complete shift to electric vehicles

Source: Tech – South China Morning PostChina’s largest new electric vehicle (NEV) maker BYD said it stopped producing purely oil-fuelled vehicles last month and currently only makes electric and hybrid cars, as the country pushes towards its national goal of reducing carbon emissions. “In the future … the company will focus on the businesses of battery electric vehicles and plug-in hybrid electric vehicles,” BYD said in a filing to the Hong Kong stock exchange on Sunday. The company promised to continue to produce and supply the…Read More

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