The Wall Street Journal, the Los Angeles Times, and other major news sources are highlighting BYD Co.’s announcement that it will open its first U.S. headquarters in Los Angeles, as the company gears up for an expansion of its renewable energy products and the rollout of its electric vehicles.

BYD, which is part-owned by Warren Buffett's MidAmerican Energy Holdings Co., plans this year to introduce its electric car, the e6, in China and in the U.S. One utility predicts that Southern California will have 400,000 electric cars by 2020.  BYD's other products include solar equipment and lithium-ion batteries.

The announcement increases the ability for Los Angeles to be seen as a capital of clean technology.

To read more: Wall Street Journal and LA Times.