The leading EV-maker has opened its first dealership in auto powerhouse Japan and aims to open 100 more by 2025

The Shenzhen-based automaker sold 1.86 million cars last year and is forecasting a net profit of up to $2.52 billion, five times its 2021 figure

Representatives from Ford's German management are scheduled to visit China in the upcoming week to examine the possibility of selling the facility

Warren Buffett-backed BYD took the lead among Chinese electric-car makers, with a 152.5% increase in EV deliveries

The carmaker, which outsold EV rival Tesla in China last year, has been expanding in Singapore, Japan and Europe

Buffet’s Berkshire Hathaway also traded $80.7 million worth of Hong-Kong listed shares in the Chinese automaker in November

BYD captured China's middle-class market with affordable and locally made EVs, pushing ahead of Elon Musk's Tesla, the SCMP said

The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023 that it announced last month

Buffett has been trimming his stake in the electric vehicle and battery maker this year, with the first share sale reported in August

The combined market value of BYD's stock listed in Hong Kong and Shenzhen is $87.50 billion

According to its IPO prospectus, the chip unit listing aimed to raise $281 million to fund projects and replenish capital

Japan’s car market is notoriously insular but BYD is banking on its buses, batteries and brand recognition to help it stake a claim