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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

Today, BYD employes 130,000 people in 11 factories, either in China and one each in India, Hungary and Rumania. And if you doubt that they will learn, check out my cover story about BYD in the new issue of FORTUNE, headed to subscribers and newsstands this week. This could turn out to be one of Buffett’s very best deals.

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2020 Top 10 Countries in the Global EV Revolution

EV Sales

Since the general auto market remained slumped, global EV market share increased nicely from 2.8% Most of this was driven by Europe, where strict cash penalties levied directly on automakers, for each ICE (internal-combustion engine) sold, came into effect January 2020 — and simply worked! in 2019 to 4% in 2020.

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