article thumbnail

BYD posts tribute to commemorate Berkshire Hathaway’s Charlie Munger

Teslarati

Chinese new energy vehicle (NEV) maker BYD paid tribute to the late Charlie Munger, the Berkshire Hathaway vice chairman who played a key role in the automaker’s backing by Warren Buffett more than a decade ago. Munger was born in Omaha, Nebraska on January 1, 1924. Munger passed away on November 28, 2023. He was 99 years old.

Tribute 81
article thumbnail

Crypto’s Slow Motion Gold Rush

Cars That Think

When Chinese authorities cracked down on cryptocurrency mining in May, earnings soared for miners in other countries. But in May Chinese regulators banned the practice over concerns about mining's excessive energy consumption and perceived threats to financial stability.

Chinese 101
article thumbnail

China and the Electric Car | Autos | Smart Spending | Mainstreet

Tony Karrer Delicious EVdriven

Last fall, Buffett’s MidAmerican Energy Holdings unit of Berkshire Hathaway (Stock Quote: BRK.A ) paid $230 million for a 10% stake in BYD Auto (short for “build your dreams”), based in Shenzhen, China. automakers in their own market. Although thundering trucks and SUVs still crowd U.S. This has caught Buffett’s attention—and his money.

Auto 30