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Chinese automaker BYD will consider U.S. plant

BYD Co. said on March 15 it had massive expansion plans this year and would consider building a plant in the United States, a day after announcing annual profits had tripled.

The company, which has the backing of American billionaire Warren Buffett, said it will put aside 10 billion yuan (US$1.5 billion) this year to grow its business.

[Industry Week]