• Aug 4th 2009 at 10:01AM
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2009 BYD F3DM - Click above for high-res image gallery

You don't get to hold the title of The Richest Person in the World – a title oft-owned by either Bill Gates or Warren Buffett at any given time – without knowing how to make sound financial decisions. While not all of Warren Buffett's investments end up raking in tons of money, his procurement of a ten-percent stake in Chinese automaker BYD less than one year ago has already earned his Berkshire Hathaway Inc. some $1 billion.

Driving the rapid rise in BYD's value are its investments in hybrid automobiles like the plug-in F3DM and, even more importantly, high-tech lithium iron phosphate batteries. A recent partnership with Volkswagen and possible tie-ups with Ford and others have proven the worth of that energy storage technology for automotive use and the company is already China's largest producer of rechargeable batteries for portable electronics.

BYD Chief Executive Officer Wang Chuanfu has publicly stated his company's plan to more than double global sales this year with new models and additional export deals, which could include the United States as early as 2011. With all of this in mind, it shouldn't come as a surprise that Buffett bolstered his investment Sunday night by acquiring an additional 225 million shares of BYD stock.



[Source: Bloomberg]


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  • 17 Comments
      • 6 Years Ago
      Copyrolla (at least the styling). They didn't even bother trying to obfuscate it.
      Stop
      • 6 Years Ago
      Ladies and Gentleman I present you the "craprolla" lmao...
      • 6 Years Ago
      I saw one of the BYD cars at the Berkshire Hathaway annual meeting this year and it was an actual respectable looking auto. You would never guess that it was made by a Chinese upstart. The styling is nothing to write home about but it looks like a functional small car.
        • 6 Years Ago
        I saw the vehicle there as well. Sort of cheap looking but very respectable. The most interesting aspect of the car is the near 100% in house production of the components, less the tires and glass. Pretty impressive.

        The modular housing display was also impressive this year.
        • 6 Years Ago
        Has anyone actually driven one of their cars? I have not seen any independent tests of the car.
      • 6 Years Ago
      1B profit in less than a year from only 10% ownership - NICE!....This means if you take the 1B representing 10% of the company, BYD has actually made 10Billion in less than a year???? WOW I bet a lot of other automakers wished the they had made 10billion in less then a year lol...
      • 6 Years Ago
      Its not the car its the technology.

      this BYD guy started his business by borrowing money (not much) from his family (grandfather? or aunt?)

      Warren Buffet knows where to put his money.
      • 6 Years Ago
      Freakin Chinese counterfeit everything they can.
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