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

Tony Karrer Delicious EVdriven

APRIL 16, 2009

A chemist and government researcher, Wang raised some $300,000 from relatives, rented about 2,000 square meters of space, and set out to manufacture rechargeable batteries to compete with imports from Sony and Sanyo. Today BYD employs 130,000 people in 11 factories, eight in China and one each in India, Hungary, and Romania.

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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

It was started by a chemist and government researcher named Wang Chuan-Fu in 1995 (same year as Yahoo) to make rechargeable batteries, which it learned to do very well. Today, BYD employes 130,000 people in 11 factories, either in China and one each in India, Hungary and Rumania. BYD is an amazing company.

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Chinese Companies Electric Cars BYD 28
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