BYD, the electric vehicle and battery maker backed by US billionaire Warren Buffett, has said January vehicle sales volume fell about 15% year on year.
The battery and carmaker sold 52,054 wholesale vehicles in January, down from 61,215 a year ago, the company told Reuters.
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Analysts had forecast that rising fuel prices, removal of government subsidies and tighter rules on new car registrations would reduce demand in 2011 after 2010 sales rose 30%.
