Why electric vehicles are so attractive and who’s investing in them?
Warren Buffett did. “(I made an investment) in a company called BYD and they develop a really good electric car I hope.” - Warren Buffet
We are looking for St. Bernards, not Chihuahuas” - Warren Buffett
On 09/27/08, Berkshire Hathaway bought 225 million shares for $231 million representing 10% of BYD; David Sokol joined BYD Board of Directors. Given Bershires Hathaway’s hurdle rate and track record, this should make investors think seriously about green cars and the infrastructure that supports it.
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