BYD Hikes 2010 Sales Target, Prepares for E6 Sales

Company reached 2009 target o 400,00 conventional IC engine vehicles in November.

Published: 30-Dec-2009

HONG KONG, Dec 30 - Chinese battery and car maker BYD <1211.HK>, whose stakeholders include billionaire investor Warren Buffet, said on Wednesday that it has raised its 2010 sales target, as it prepares to roll out its first electric cars.

The company had lifted its sales target for next year by 14 percent to 800,000 cars, from a previous target of 700,000, said Paul Lin, manager of the company's marketing department.

He attributed the revision to robust demand from Chinese consumers under Beijing's 4 trillion yuan ($586 billion) economic stimulus plan, which includes several measures specifically aimed at boosting car sales.

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