Last month, the Hong Kong-listed company said it was asking for shareholder approval to push back the flotation because of weakness in the stock market.

BYD, part owned by a unit of Warren Buffett's Berkshire Hathaway Group, said investors were scheduled to vote on the extension on August 30.

The company has said it plans to offer up to 100 million A shares in the southern city of Shenzhen to raise 2.85 billion yuan (419 million US dollars).

The proceeds will finance battery, vehicle and auto parts projects.

BYD Chairman Wang Chuanfu said Monday the company was on track to launch its electric car in the US market later this year, while the firm is also studying launching home-appliance products.

The company said Sunday that its first-half net profit had more than doubled to 2.42 billion yuan, up from 1.18 billion yuan a year earlier, aided by Beijing's measures to boost car sales.

However, BYD added that it expected China's domestic automobile industry "to keep modest growth in the future".

BYD shares were down 3.23 percent at 44.9 Hong Kong dollars (5.77 US dollars) in Hong Kong.

pb/njc

-- Dow Jones Newswires contributed to this report

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