Clear Skies Ahead For Warren Buffett-Backed BYD Co.
- In 2008, Buffett's Berkshire Hathaway took a 10% stake in the Chinese automaker BYD.
- BYD profits are now up significantly; in addition, the company just won regulatory approval to begin selling all-electric vehicles in Shanghai and Beijing.
- Future looks very solid for BYD (and Berkshire Hathaway) as BYD could compete with Tesla for growing demand for electric cars in polluted Chinese and other Asian mega-cities.
Should Investors Follow Charlie Munger Into Byd Company?
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BYDDY vs. ETF Alternatives
Established in February 1995, BYD Company Limited specializes in IT, automobile and new energy. BYD is the largest supplier of rechargeable batteries in the globe, and has the largest market share for Nickel-cadmium batteries, handset Li-ion batteries, cell-phone chargers and keypads worldwide.... More
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