Baua Electric

MAY 29, 2023

Blue Chicken, Indonesia’s biggest taxi operator, is ready to buy maximum of its unused fleet as electrical cars (EVs) from BYD, in line with a document by means of Bloomberg. The exit comes as Blue Chicken objectives to faucet into the rising approval for cheap EVs within the Indonesian marketplace.

Indonesia 52

Indonesia Taxi BYD Gasoline-Electric 52

Tony Karrer Delicious EVdriven

APRIL 16, 2009

Then Mr. Wang, as he’s known, got into the automobile business by buying a failing state-owned carmaker. That track record—and that potential—is what persuaded Warren Buffett’s company, Berkshire Hathaway, to buy 10% of BYD last fall for $230 million. This could turn out to be one of Buffett’s very best deals.

Chinese 28

Chinese Companies Electric Cars BYD 28

Tony Karrer Delicious EVdriven

APRIL 16, 2009

More from Fortune No party for Citis owners: You and me Is it time to buy American Express? Wang entered the automobile business in 2003 by buying a Chinese state-owned car company that was all but defunct. Berkshire Hathaway first tried to buy 25% of BYD, but Wang turned down the offer. Electric cars will be one answer.

BYD 62

BYD 2009 Companies Electric Cars 62