One should never under-estimate the business acuity of U.S.
billionaire investor Warren Buffett. He has an incredible track record
of getting it right. His investment in BYD Co., the Chinese automaker
that specializes in electric cars, suggests the company has an amazing
future. No guarantees, you understand, but it is highly indicative.
BYD was born a year after the 2002 acquisition of Tsinchuan Automobile
and mobile phone components were added to its product line around the
same time. It would have been treated with a condescending smile until
Warren Buffet invested serious money.
Trading Markets states China’s fledgling battery
maker-turned-automaker got a huge shot in the arm from Buffet’s
purchase of a stake in the company. True.
BYD Auto is considered to have a product at least on a par with those
produced in its larger competitors in the industry.