China's push for greener cars boosts BYD's stock price
Meanwhile, on a more local level, BYD's home base of Shenzhen may provide incentives for taxi fleet owners to swap out conventional vehicles for EVs, Bloomberg says. There are about 15,000 cabs in that city.
Reuters reported in April that BYD, whose biggest shareholder is Warren Buffett, may eschew gas-powered cars altogether in favor of hybrids and plug-ins. BYD, which sold about 1,700 plug-ins last year, earlier this year won a contract to supply 500 E6 pure electric police cars to Shenzhen's municipal government. That model has a top speed of about 87 miles per hour and a single-charge range of about 186 miles.
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