Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009
Tony Karrer Delicious EVdriven
APRIL 16, 2009
Revenues, which have grown by about 45% annually during the past five years, reached $4 billion in 2008. He was paid about $265,000 in 2008, and he lives in a BYD-owned apartment complex with other engineers. Each of BYDs business units - batteries, mobile-phone components, and autos - was profitable in 2008, albeit on a small scale.
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