BYD climbs on new electric models announcement

Shares of BYD (BYDDF.PK +7.7%) climb after the company announces it will launch 3 new models featuring its dual-engine system, including the Qin at the end of this year, the Tang, an SUV model, in 2014, and a supercar temporarily dubbed the E9.

BYD also gained some sliver of traction for its electric buses when Hong Kong's Kowloon Motor Bus launched a single-bus, 1-year trial this week. In the shadow of safety concerns, BYD's bus was required by the operator to use foreign components and have its BYD battery encased in fire-resistant steel plates.

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