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This new style of electric tuk-tuk makes me want to drive a taxi in India

Baua Electric

In India, it’s an auto rickshaw. But whatever it’s called, these three-wheeled taxis have used their half-bike, half-wagon design to shuttle folks around cities for decades. My favorite part of this vehicle is just how cheap it is – a mere $592! This one style of vehicle is known by many names.

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

Tony Karrer Delicious EVdriven

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. Today BYD employs 130,000 people in 11 factories, eight in China and one each in India, Hungary, and Romania.

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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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