A Chinese copy-cat that’s raking it in

To develop good cars in the shortest time possible, Chinese auto manufacturer BYD spends tens of millions of yuan every year buying and then dismantling the newest models built by manufacturers around the world. Last May, the city of Xian started switching its taxi fleet to the BYD F3 car, which at first glance could be confused with a Toyota Corolla. The F3 is an inside-outside copy of the Japanese manufacturer's small car but costs only half as much. In fact, BYD has overtaken Japan's Sanyo to become the world's largest supplier of Ni-Cd batteries.

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