Fake Subsidiary Emerges as BYD Largely Invests in Battery Industry

(Source: BYD)

Recently, a little-known small company in Nanning, Guangxi Province, has received some attention due to its claim to be wholly-owned by BYD. On September 16, the small enterprise focusing on business services changed its name to “BYD (Guangxi) New Energy Co., Ltd.,” claiming to have been acquired by BYD, and then submitted the necessary mat…