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Why is Buffett invested in BYD?
In BYD, Buffett and Munger believed they had found a company with a shot at one day becoming the largest player in a global automobile market that was inevitably going electric. As BYD has grown, so has the value of Berkshire Hathaway’s investment.
How much does Buffett own of BYD?
The famed investor’s company spent $232 million to buy 225 million shares of BYD in 2008. Its stake was worth $5.9 billion at the end of last year, Berkshire’s latest annual report shows. Yet BYD’s stock price has surged by about 23\% since then, lifting the value of Berkshire’s roughly 8\% stake to $7.9 billion.
Which Chinese EV company is the best?
BYD (OTC:BYDDY) controls the highest share, 18\%, of China’s EV market. The company derives more than half of its revenue from auto and related products. In November, BYD delivered 97,242 vehicles. Of that, 90,121 units were EVs, including plug-in hybrids.
What is the best Chinese EV?
Best Chinese EV Stocks to Buy Today
- NIO. NIO stock is one of the most promising of Chinese EV stocks.
- BYD Company. BYD stands for “build your dreams” and one could argue that is a good slogan for the broad Chinese EV market.
- Li Auto.
- XPeng.
- Niu Technologies.
What happened to BYD cars?
BEIJING — Chinese automaker BYD sold fewer all-electric passenger cars in the first six months of this year than the same period in 2019, before the coronavirus pandemic. But that growth still fell short of sales of 95,779 all-electric passenger cars in the first six months of 2019.
Where is BYD made?
Industrial facilities consist of two manufacturing plants in Xi’an, an R&D center and manufacturing plant in Shenzhen (the headquarters of BYD Co Ltd), a manufacturing plant in Changsha, a manufacturing plant in Shaoguan, and an R&D center and parts plant in Shanghai.