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

Tony Karrer Delicious EVdriven

The car came straight to Omaha from the Detroit auto show. BYDs breakthrough all-electric E6, photographed at this years Detroit auto show. tech industry during the 1990s. Today BYD employs 130,000 people in 11 factories, eight in China and one each in India, Hungary, and Romania. "Too many new roads."

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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

Within a few years, BYD’s batteries were cheaper and just as reliable as those made by industry giants ony and Sanyo. Today, BYD employes 130,000 people in 11 factories, either in China and one each in India, Hungary and Rumania. Then Mr. Wang, as he’s known, got into the automobile business by buying a failing state-owned carmaker.

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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% The LEVC electric taxi might still be the only EV that both designed *and* produced on UK’s home turf. France’s auto industry is probably the largest Western auto industry that goes completely under the radar in the US.

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