- BYD, a Chinese EV maker, which is backed by Warren Buffett, reported an 85% drop in the Q1 net profit as coronavirus epidemic hit the world's biggest auto market.
- The US-listed shares of the manufacturer have declined 14% since Feb. 1, underperforming rival Tesla Inc. which advanced 9% during the period.
- In comparison, a gauge of global EV makers fell 9%.
