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

Tony Karrer Delicious EVdriven

Why hes banking on an obscure Chinese electric car company and a CEO who - no joke - drinks his own battery fluid. BYDs breakthrough all-electric E6, photographed at this years Detroit auto show. " 0:00 / 3:23 Buffett eyes electric cars Coming from Munger, that meant a lot. tech industry during the 1990s.

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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

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

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