Daimler, BYD joint venture clarifies rumor   

合资公司澄清：比亚迪遭戴姆勒“弃用”系误传

比亚迪麻烦不断。在旗下E6电动出租车5月份卷入被撞自燃事故后，比亚迪又遭遇产品被大客户“弃用”的传言。这一传言让比亚迪股价接连受挫，A股、H股16日双双创出新低。尤其是A股，继16日跌停后，17日在大盘飘红的情况下，再度跌去1.11%。

Beijing (CNS) -- The joint venture of car maker Daimler and Build Your Dreams (BYD) made an announcement Tuesday that laid to rest the rumor that Daimler is ceasing its cooperation with BYD to put new electric car models to the market in 2013. Daimler's battery and dynamo techniques will be supported by BYD.

Rumor of a split spread after a May accident when a BYD E6 electric taxi caught on fire after a collision, followed by a drop in both BYD's A and H share prices.

The announcement of the joint venture failed to reverse the distrust of investors in BYD, at least from market observation so far. Market analysts claim that BYD needs to offer more inspiring news to untwist the adversity and stimulate its stock prices.

BYD had to announce that in the first quarter of 2012, its net profits fell 90 percent year-on-year, to 27.04 million yuan (US$4.24 million).