BYD, the Warren Buffet-backed Chinese automaker, experienced a 99 percent drop in profits during the third quarter of this year, with a net income of $1.7 million.
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BYD aims to be the biggest car maker in the world
Build Your Dreams (BYD) plans a worldwide expansion for its cars as it wants to become the world’s biggest car producer by 2025. The Chinese car firm has big ambitions, one of which is selling 800,000 cars globally in 2010.