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

Tony Karrer Delicious EVdriven

They generate fewer greenhouse gas emissions than cars that burn gasoline, and they have lower fuel costs, even when oil is cheap. Both will be sold first in China, primarily to fleet users: the government, post office, utilities, and taxi companies, all of which will build central fast-charging facilities.

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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

The Shenzhen manufacturing region, where the company is headquartered, is known for cheap unskilled labor, but BYD’s competitive advantage derives from its cheap skilled labor. Escaping to New York, Li Lu was embraced by the human rights community and wrote a memoir called Moving the Mountain that reads like a movie.

Chinese 28
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2020 Top 10 Countries in the Global EV Revolution

EV Sales

The LEVC electric taxi might still be the only EV that both designed *and* produced on UK’s home turf. EV market share went from a stratospheric 45% to escape-velocity 63%, crossing 100k on a population of barely 5M. Also, Portugal is where Jose calls home. And two months into 2021 it has already scored another 57k sales!

2020 52