Business
        

Cars

BYD says China sales to recover from this month

Updated: 2011-01-11 14:59

(Agencies)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BYD Co, the Chinese carmaker backed by Warren Buffett, expects sales in China to recover from this month after the company missed targets in 2010, Bloomberg reported citing chairman Wang Chuanfu.

Chinese customers tend to buy cars before the traditional Spring Festival, which falls on Feb 3 this year.

Related readings:
BYD says China sales to recover from this month China's automaker BYD presents green vision in US
BYD says China sales to recover from this month BYD fails to meet 2010 sales target, report says

Inventory levels at the Shenzhen-based automaker are also now at "normal" levels after the company cut 100 dealers in the nation in 2010, Bloomberg cited Wang as saying.

BYD missed its 2010 target by 13 percent, selling 519,806 cars. The automaker fell short of the goal even after it cut the target by 25 percent in August from an earlier estimate of 800,000 units.

E-paper

Ear We Go

China and the world set to embrace the merciful, peaceful year of rabbit

Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order

European Edition

Specials

Mysteries written in blood

Historical records and Caucasian features of locals suggest link with Roman Empire.

Winning Charm

Coastal Yantai banks on little things that matter to grow

New rules to hit property market

The State Council launched a new round of measures to rein in property prices.

Top 10 of 2010
China Daily in Europe
The Confucius connection