BEIJING: BYD Co, the electric-car maker that counts Warren Buffett’s Berkshire Hathaway Inc as a shareholder, is in talks with several of China’s smaller cities on building monorail systems to preempt traffic congestion spurred by rapid growth in automobile ownership.
Monorail systems are a potential three trillion yuan (US$450bil) market in China, based on an average 70km network in each of an estimated 300 cities, and will become a new major growth area for the company, according to chairman Wang Chuanfu.
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