Shanghai September 29 (Gasgoo.com) Electric car maker BYD Co., backed by U.S. billionaire Warren Buffett, signed a framework agreement Monday with China Southern Power Grid Co., Ltd. to build the world's first power storage station for commercial use, Jiefang Daily reported Wednesday.

Shanghai September 29 (Gasgoo.com) China witnessed better car sales in August, with car output and sales in the first eight months both breaking 11 million units that nearly quadrupled same period last year, said the China Association of Automobile Manufacturers (CAAM).

Shanghai September 28 (Gasgoo.com) Chery Auto, China's largest independent auto manufacturer, recently signed an agreement with Shenzhen Cometech Sci&Tech Co., Ltd. to jointly make new energy buses, with an investment of 1 billion yuan ($149 million), anhuinews.com reported Tuesday.