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

Tony Karrer Delicious EVdriven

Today BYD employs 130,000 people in 11 factories, eight in China and one each in India, Hungary, and Romania. His people at MidAmerican have studied clean technologies like batteries and wind power for years because of the threat of climate change. near Motorola, and another 20 or so work in San Francisco, not far from Apple.

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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

BYD’s conventional gas-powered cars are selling well these days in China, and his electric plug-in electric model looks like it will come to market with a longer range and a lower sticker price than the new Toyota Prius much-hyped Chevy Volt.

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