Berkshire Brings Confidence and Credibility to Top China Electric Carmaker BYD
Oct 1st, 2008 | By Jason Simpkins | Category: Emerging Markets, Financial NewsIn a move that underscores the potential of China’s auto market - as well as the viability of so-called “green” technology - investing guru Warren Buffett’s MidAmerican Energy Holding Co. will pay roughly $230 million for a 10% stake in BYD Co. Ltd., a Chinese producer of both cars and specialized batteries.