article thumbnail

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

tech industry during the 1990s. Wang entered the automobile business in 2003 by buying a Chinese state-owned car company that was all but defunct. They generate fewer greenhouse gas emissions than cars that burn gasoline, and they have lower fuel costs, even when oil is cheap. He is, after all, a man who shunned the booming U.S.

BYD 62
article thumbnail

Dodge Circuit EV First Drive: electric car makes grand promises on Earth Day

Tony Karrer Delicious EVdriven

Well need to spend some more time with the car to find out how it holds up over longer drives, but the powertrain tech obviously works. I also think it will be cheap, which is why I think someone will buy the group. Still, for all the faults, this is a very promising vehicle. to decide if we ever get to see these promises fulfilled.