Buffett-backed ‘China’s Tesla’ BYD to open assembly plant in Canada next year

Employees manufacture electric vehicles at the BYD Coach and Bus factory in Lancaster, California, U.S., on Thursday, Oct. 5, 2017. Photographer: Patrick T. Fallon/Bloomberg

BYD Co., the Chinese electric-vehicle maker backed by Warren Buffett, plans to open its first assembly plant in Canada, anticipating a surge in demand for electric trucks from municipalities and businesses.

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