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BYD Gets Green Light to Sell Electric Cars in Beijing, Shanghai

Warren Buffett-Backed Company’s Cars Have Been Sold in Shenzhen, Leased in Hong Kong

A man looks at the BYD’s M6 at the company’s booth during the Guangzhou 2013 Auto Show in Guangzhou, China, in November. BYD has received approval to roll out electric vehicles in Shanghai and Beijing. Associated Press

HONG KONG—Chinese car maker BYD Co. 002594.SZ +2.96% has gotten approval to sell its electric vehicles in Beijing and Shanghai, marking a breakthrough for the Warren Buffett -backed company in efforts to kick-start its fledgling “green cars” business.

“BYD has fulfilled the necessary requirements to sell its electric cars in Beijing,” said an official at the Beijing Municipal Commission of Economy and Information Technology on Wednesday, noting that the approval takes immediate effect. The official, who declined to be named, said the city also approved the sale of state-owned BAIC Motor Co.’s electric car, the E150EV.
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BYD also received approval to sell its plug-in hybrid, the Qin, in Shanghai as part of a trial, according to a statement posted on the city’s municipal-government website Tuesday.
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