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

Tony Karrer Delicious EVdriven

APRIL 16, 2009

Today BYD employs 130,000 people in 11 factories, eight in China and one each in India, Hungary, and Romania. They generate fewer greenhouse gas emissions than cars that burn gasoline, and they have lower fuel costs, even when oil is cheap. "The bad news is that hes clearly the brains behind the organization, and the drive.

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BYD 2009 Companies Electric Cars 62
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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

APRIL 16, 2009

As if that were not enough, I’m hearing now that BYD is on the verge of a breakthrough in the solar power business and that the company has big plans to make rechargeable batteries at a utility scale to store energy from intermittent, renewable sources like wind and solar. He was the link between Berkshire and BYD.

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Chinese Companies Electric Cars BYD 28
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