Chinese firm to locate in L.A.

In a major coup for Los Angeles, a Chinese solar energy and automobile firm announced Thursday it will locate its U.S. headquarters here, potentially creating hundreds of new jobs.
Daily News.
BYD, a manufacturer of batteries and electric-hybrid vehicles that is partly owned by billionaire Warren Buffett, said it selected Los Angeles to be its U.S. base after reviewing offers from other California cities.

The initial plans call for locating the new headquarters at 1800 S. Figueroa St., at a site that once served as a car dealership.