Sunday, May 1, 2011

Indonesia says China's BYD in talks for car, battery plant

BYD Co Ltd , a Chinese car and battery maker backed by billionaire Warren Buffett, is in talks to build a car or battery plant in Indonesia worth around $200 million, Indonesia's investment chief told Reuters on Saturday.
Gita Wirjawan, speaking during a two-day visit by Chinese Premier Wen Jiabao to Indonesia, said the firm was looking for local partners in Southeast Asia's biggest economy, which is seeing surging consumer demand for cars.  

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