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BYD

BYD

BYD Co makes rechargeable batteries and cars in Shenzhen in Guangdong province. Founded in February 1995, and listed in Hong Kong in 2002, the origin of the company’s name is uncertain, with some saying it could simply be an acronym based on its Chinese name or from the phrase “build your dreams”. BYD’s profile was raised in 2008 when a unit of billionaire Warren Buffett’s Berkshire Hathaway invested about US$230 million in BYD.

Foxconn accuses BYD of obtaining secret data

Foxconn International Holdings, the world's biggest contract mobile-telephone maker, said two subsidiaries had sued BYD in Hong Kong, alleging its mainland competitor had been given confidential information by former Foxconn employees.