Chinese Automaker BYD Wants to Top Toyota by 2025
topneuro submitted on 9/25/2009 Official Bell & Ross Timestamp: 12:28:39 PM
18 user comments | Category: Misc News | Source: | SOURCE: wheels.blogs.nytimes.com


BYD, the Chinese automaker, is less than 15 years old, but the company wants to be the biggest automaker in the world by 2025, reports The Associated Press.
“It’s our company’s long-term target, to be China’s No. 1 automaker by 2015 and to be the world’s leading car maker by 2025,” said Jasmine Huang, a senior marketing representative for BYD.
The company, which was founded as a maker of cellphone batteries in 1995, has already achieved quite a bit in its short time in the auto business. Last December, BYD became the first automaker to sell a plug-in hybrid car, beating General Motors and Toyota to market. Warren Buffett owns a 10 percent stake in the company and recently stated his intentions of increasing his share.
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