Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009
Tony Karrer Delicious EVdriven
APRIL 16, 2009
Wang entered the automobile business in 2003 by buying a Chinese state-owned car company that was all but defunct. Today BYD employs 130,000 people in 11 factories, eight in China and one each in India, Hungary, and Romania. He knew very little about making cars but proved to be a quick study. Electric cars will be one answer.
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