China OKs BYD, 15 others for green – car subsidies. Reuters Translate This Article 1 July 2010. SHANGHAI (Reuters) – China has approved cars made by Warren Buffett-backed BYD Co and 15 other Chinese automakers and joint ventures to receive fuel-efficiency subsidies … Beijing also unveiled a pilot program in five Chinese cities earlier this month to subsidize buyers of electric and hybrid vehicles as it steps up efforts to cut emissions in the world’s biggest auto market. …