China’s EV-maker BYD plans to take battery unit public amid rising demand
BYD Co. E6 electric taxis stand plugged in to chargers at a charging station in Taiyuan, Shanxi province, China, on Tuesday, Sept. 13, 2016. Taiyuan became the first city to replace its entire fleet of taxis with electric vehicles. Photographer: Qilai Shen/Bloomberg
BYD Co., the electric-car maker backed by Warren Buffett, plans to list its battery business by 2022 to raise funds to expand as the global auto industry transitions away from the traditional combustion engine.