Chinese car and battery maker byd profits sank last year, because in the fierce competition of the world's largest car market, but is likely to resume new model release.
Byd said on Sunday that 2012 profits fell by 81.4 million yuan ($130000), by last year's 140 million yuan. Revenue fell 4% to 4.44 billion yuan.
Us billionaire investor warren buffett holds about 10% of byd.
, the company said in the first quarter of this year's profit growth than the previous year four to five times the number of new models, such as sharp intermediate-grade cars arrive in showrooms.
Byd said, batteries, mobile phones and other devices demand will continue to be weak, but its solar business is losing money less than last year.



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