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

Tony Karrer Delicious EVdriven

They generate fewer greenhouse gas emissions than cars that burn gasoline, and they have lower fuel costs, even when oil is cheap. BYDs first plug-in hybrid, called a dual-mode car, is designed to run primarily on electricity, with an internal- combustion engine for backup. Electric cars will be one answer.

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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

The Shenzhen manufacturing region, where the company is headquartered, is known for cheap unskilled labor, but BYD’s competitive advantage derives from its cheap skilled labor. Escaping to New York, Li Lu was embraced by the human rights community and wrote a memoir called Moving the Mountain that reads like a movie.

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2020 Top 10 Countries in the Global EV Revolution

EV Sales

The LEVC electric taxi might still be the only EV that both designed *and* produced on UK’s home turf. But this still doesn’t take away from a 47% EV market share, more than double 2019’s, and also a sharp shift in composition from a plug-in hybrid (PHEV) dominated island to an evenly balanced 2020 mix (yes, there are points for that too).

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