MidAmerican Energy Holdings, a unit of investor Warren Buffet’s Berkshire Hathaway announced it will be paying US$230 million for a 10% stake in Chinese automaker BYD Auto. BYD Auto (Build Your Dreams Auto) is said to be developing hybrid-electric cars set to be launched in China end-2008, and in Europe by 2010.
BYD Auto also plans to enter the US market. Its first two US-market cars are said to be the F3DM and the F6DM, both of which are going to support plug-in recharging. There will also be a fully electric F6e. Not sure how they’ll get past the copyright office though, as the F3 looks like a mash-up of the Toyota Corolla Altis, the Honda City and the Nissan Sentra (click to see the similiarities!)
After dabbling for years in the IT industry, Paul Tan initially began this site as a general blog covering various topics of personal interest. With an increasing number of readers paying rapt attention to the motoring stories, one thing led to another and the rest, as they say, is history. An avid electronic gadget aficionado as well as big-time coffee lover, he's also the executive producer of the Driven motoring TV programme.
More like a Corolla to me. Paul, still ‘awake’ aye?
BYD Auto worth USD 2billions… impressive !
City shape with corrola head lamp + Nissan wheel base?lol
mofo,
230,000,000..not even a billion,tat’s y it was called 230m or hundred million.
2billion=2,000,000,000.
230 million = 10% stake only
2.3 billion = 100% value
ask him not to invest in such rubbish
toyota altis…
lol…rojak car…
wat a crap!!!!!!China PPL are not creative at all like to copy ppl’s work ….i never like their products! next time u will c they produce car like our WAJA or MYVI……and put on their crappy name!!!!
blant infringement of copyright law……
When will they ever learn. WE DONT WANT IMITATION CAR.
Copy little bit I can accept but this is came out of photostat machine.
DO we look like we are die hard to buy this car. This china company must think we are fools………
and what with the name…. even more shameful.
wow, this kacukan will go into US market?
It’s amazing that you say such statements when our beloved Proton is copying cars for over 20 freaking years. And the fact that Warren Buffet chose to invest in BYD rather than the Detroit 3 means that there is great potential. I won’t be surprised if BYD (or rather I’m quite sure) would overtake Proton in the near future.
Why he doesn’t invest into Proton? Proton need those money to create more junks.
ha…ha…ha…Warren Buffet like kind of junks.
[quote comment="181523"]It's amazing that you say such statements when our beloved Proton is copying cars for over 20 freaking years. And the fact that Warren Buffet chose to invest in BYD rather than the Detroit 3 means that there is great potential. I won't be surprised if BYD (or rather I'm quite sure) would overtake Proton in the near future.[/quote]
next time maybe BYD copy dodge viper… who knows =P
what’s is warren buffet done with BYD (BEING YOUR DANGER) lol, investment until 230million, suck man, is such of money to copying others people idea=toyota=etc, even china don’t have it own trademark lol