From smart cities to monorails, China's BYD charts next course

Buffett-backed electric-vehicle maker plans to diversify as subsidy cuts hurt market

20191029N BYD Monorail

BYD's SkyRail monorail snakes through the company's corporate headquarters in Shenzhen, China. (Photo by Yusuke Hinata).

TAKASHI KAWAKAMI, Nikkei staff writer

GUANGZHOU -- BYD, China's largest producer of electric vehicles, is switching gears as sales slump, leveraging its battery expertise to make inroads in smart-city planning and other energy management solutions.

"Automobiles is just one piece of the operation," Liu Xueliang, BYD's general manager for Asia-Pacific auto sales, told Nikkei in an interview. "Our company holds other key businesses outside of autos, such as batteries, information technology and monorails."

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