Warren Buffet invests in China’s BYD
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!)
September 30, 2008 @ 1:23 am
More like a Corolla to me. Paul, still ‘awake’ aye?
September 30, 2008 @ 3:49 am
BYD Auto worth USD 2billions… impressive !
September 30, 2008 @ 7:26 am
City shape with corrola head lamp + Nissan wheel base?lol
September 30, 2008 @ 7:35 am
mofo,
230,000,000..not even a billion,tat’s y it was called 230m or hundred million.
2billion=2,000,000,000.
September 30, 2008 @ 7:46 am
230 million = 10% stake only
2.3 billion = 100% value
September 30, 2008 @ 9:32 am
ask him not to invest in such rubbish
September 30, 2008 @ 8:38 pm
toyota altis…
October 1, 2008 @ 1:25 am
lol…rojak car…
October 1, 2008 @ 9:26 am
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!!!!
October 1, 2008 @ 2:57 pm
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.
October 1, 2008 @ 4:06 pm
wow, this kacukan will go into US market?
October 1, 2008 @ 11:42 pm
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.
October 6, 2008 @ 3:44 am
Why he doesn’t invest into Proton? Proton need those money to create more junks.