Warren Buffet, who purchased a 10 percent stake in BYD last fall, appeared on the cover of Fortune Magazine this week alongside a BYD E6 electric car. The green cover is titled “Buffett’s Electric Car” with a subhead of “If the Oracle’s plugging in, shouldn’t you?”
The feature article looks at the history of the Chinese company, BYD, and its founder Wang Chuan-Fu leading up to the investment by Buffet as well as the future plans for BYD’s aggressive expansion into the electric vehicle market.
BYD began in 1995 with $300,000 that Wang, then a manufacturer of rechargeable batteries, borrowed. Five years later BYD would be the world’s largest producer of cell phone batteries. By 2003, BYD got into car manufacturing and started building low-cost electric cars.




June 29th, 2009 at 8:50 pm
Great car. Would be glad to test drive it ASAP.