Chinese Car Maker BYD Gets Vape Production Permit There has been speculation for a few years now that the BYD, one of the largest companies in China, had plans to enter the e-cigarette market. Better known as a car manufacturer and battery producer, BYD Electronic shares surged on the Stock Exchange of Hong Kong by as much as 12.5 percent Thursday after the company announced a subsidiary has been granted a license to produce vaping devices. “The unit has been granted a tobacco production business license by the State Tobacco Monopoly Administration [STMA],” BYD Electronic said on its WeChat account,...