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In 50 Words: Buffett-backed BYD eyes $3m clean vehicle sales amid economic turmoil

Despite economic turmoil and a price war, Chinese electric-vehicle manufacturer BYD is optimistic about selling three million clean vehicles this year, chairman Wang Chuanfu said. BYD, backed by Warren Buffett, reported a 145% increase in Q2 profit and a 67% increase in revenue, showing resistance toward joining the price war.

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