GUANGZHOU -- BYD, China's leading producer of electric cars, saw first-quarter sales of new-energy vehicles more than double, outpacing the overall expansion of the domestic market.
Automaker faces profit squeeze with Beijing slashing green-vehicle subsidies

BYD unveils the e-SEED GT concept electric vehicle at Auto Shanghai on April 16. © Reuters
GUANGZHOU -- BYD, China's leading producer of electric cars, saw first-quarter sales of new-energy vehicles more than double, outpacing the overall expansion of the domestic market.