"We are selling vehicles that have extensive technologies, " said Isbrand Ho, BYD's director of export sales.
Meanwhile engineers at BYD's research and development center in Shanghai are working on rechargeable batteries that can be used in future generations of electric vehicles and electric hybrids.
Bob Scucci, race and sports book manager for Boyd Gaming's (nyse: BYD - news - people ) Stardust Hotel-Casino, said Nevada gaming regulations restrict his firm to sports betting.
BYD, for example, is the world's largest maker of nickel-cadmium batteries, and India's Reliance Group makes more polyester fibre and yarn than anyone else.
Since then, through the lows in the U.S. averages of March 2009, through the declines in emerging market equity from Nov. 2010 to the second quarter of 2011, and through the European and U.S. debt calamities, shares of BYD have declined by 70.13%.
FORBES: No Midas Touch Yet; Buffett's China Auto Investment Still Struggling
By early 2003 Wang envisioned not only a share of the wealth from China's auto industry but also tantalizing synergies: BYD could use its expertise to develop rechargeable batteries for electric cars.
BYD, a Chinese firm, seems to have Panasonic's success in the world of cameras in mind.
For one, the City of Shenzhen helps telecom-equipment maker Huawei, auto company BYD and their Pearl River Delta neighbors with their U.S. objectives.
S.: I will be interviewing Liam Li, Sr. business director of BYD America, this weekend at the HYSTA conference.
But the SUV's image of safety appeals to prosperous Chinese drivers who face chaotic city streets while electrics from BYD and other producers struggle to attract buyers.
BYD, the Chinese electric vehicle maker backed by billionaire investor Warren Buffett, plans to locate the U.S. headquarters of three separate operating divisions in Los Angeles, according to an announcement on the Web site of the Los Angeles County Economic Development Corporation (LAEDC).
FORBES: Buffett-Backed Chinese Electric Car Maker to Open Offices in L.A.
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