Green Cars: Environmentally Friendly Cars

Warren Buffett's company buys stake in China's BYD

Posted from AutoblogGreen 64 days ago
Green Cars : Green Car News

Filed under: EV/Plug-in, Hybrid, ChinaWarren Buffett is renowned for making money buy investing in companies that he thinks have a some inherent value and holding the stock. So when he or his flagship company Berkshire Hathaway put money down, it's worth taking note. MidAmerican Energy Holdings, which is owned by Berkshire Hathaway, has just bought a 10 percent stake in BYD, a Chinese purveyor of cars and batteries. So far, BYD has been best known for a for several cars that draw strong styling "influence" from cars produced by other non-Chinese companies. Lately, the company has been showing ... (original story)