BYD investigating electric car fire SHENZHEN, China, May 29 (UPI) -- Chinese automaker BYD Co. said Tuesday it was investigating why an e6 electric car caught on fire after a fatal collision that killed three people. "We are very sorry for the deaths and we are trying, of course, to find out why the car set on fire," said company spokesman Paul Lin. The accident in Shenzhen, where the company is based, involved a Nissan GT-R reportedly going 112 mph when it crashed into an e6 taxi, killing the driver and two passengers. The Los Angeles Times reported Tuesday that the accident sparked a huge reaction on social Web sites in China. BYD shares dropped 5.9 percent Monday in Hong Kong and 2.6 percent in Shenzhen. They recovered most of the lost ground on Tuesday. BYD started out as a battery company, but now includes making cars. Its investors include billionaire Warren Buffett, who purchased 10 percent of the company in 2009 for $230 million. When it comes to the technology itself and the reliability and safety of their cars, BYD has not been totally forthcoming with investors. They say 'trust us, we know what we're doing and Warren Buffet wouldn't invest in us unless we were the real deal,'" said Michael Dunne, head of automotive industry consulting firm Dunne & Co.