Publicly traded since late 2007, BYD is the first Chinese company to make the Most Innovative list. BYD sells gas-powered automobiles in China, but it has caught the attention of Warren Buffett and others for its latest products, hybrid cars and plug-in
Credit: Kevin Lee / Bloomberg
Before the world shuddered two years ago, U.S. companies dominated Business Week's Most Innovative Companies ranking, easily outnumbering corporations based outside of America. But for the first time ever, more companies on theTop 50 are based outside the U.S.
China's rise is the fastest. A year ago, its only representative was Lenovo. This year Greater China is tied with Asia's postwar powerhouse, Japan. To make room for 2010's freshmen, a half-dozen American giants on 2009's list got dumped.
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