China's BYD shares slide 9 pct in Hong Kong after H1 earnings drop

HONG KONG, Aug 25 (Reuters) - Shares of BYD Co Ltd

were set to open 8.7 percent lower in Hong

Kong on Monday after it posted a drop in first-half net profit

as sluggish sales of gasoline cars offset a surge in its

electric vehicle business.

Stock of the Chinese carmaker, backed by U.S. billionaire

Warren Buffett, were set to open at HK$44.90, the lowest since

June 26, lagging a 0.3 percent fall in benchmark Hang Seng Index

.

BYD saw its first half net profit fell 15.5 percent to 360.7

million yuan ($58.64 million) from 426.9 million yuan a year

earlier, dragged down by a 27 percent fall in vehicle sales

volume.

(Reporting by Donny Kwok; Editing by Anne Marie Roantree)