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

Tony Karrer Delicious EVdriven

They think BYD has a shot at becoming the worlds largest automaker, primarily by selling electric cars, as well as a leader in the fast-growing solar power industry. Today BYD employs 130,000 people in 11 factories, eight in China and one each in India, Hungary, and Romania. "Its a completely different business model."

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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

As if that were not enough, I’m hearing now that BYD is on the verge of a breakthrough in the solar power business and that the company has big plans to make rechargeable batteries at a utility scale to store energy from intermittent, renewable sources like wind and solar. Innovation appears to be Mr. Wang’s personal passion.

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2020 Top 10 Countries in the Global EV Revolution

EV Sales

For example, with increasing evidence of genocidal Chinese government towards Uyghur residents, including forced labor camps, the lack of transparency regarding whether any Chinese EVs benefit from such labor prompts me to deduct 1 production point from China (out of ~25 it had earned). OVERVIEW: WHEW, WHAT A YEAR!

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