New-Energy Car Market Is Open Road, BYD CEO Wang Chuanfu Says

(Beijing) – Since late last year, the Chinese government has issued a series of policies designed to encourage the development of new-energy vehicles, boosting market confidence for the sector.

Many analysts say the industry will soon boom, putting domestic leader BYD Auto Co. in the investor spotlight. Over the past year, BYD's share price on the Shenzhen and Hong Kong bourses has risen nearly 100 percent.