Posts Tagged ‘ BYD Automotive ’

Daimler AG and BYD Announce Joint Venture

In what appears to be a month for high profile joint ventures, the German automaker Daimler AG (ETR:DAI)and the Chinese automaker BYD Co. (HKG:1211)┬áhave announced that they will begin a partnership aimed directly at the burgeoning mainland Chinese market for electric cars. BYD’s other high profile shareholder is US billionaire Warren Buffet’s investment company Berkshire Hathaway Inc. (NYSE:BRK.A), with friends like these it appears BYD is set to grow into China’s 21st century runaway success story. China is currently the largest car market in the world and┬ásome estimates, like one today from consulting company IHS Global Insight for example, are putting global battery powered electric vehicle sales at 3% of total sales by the year 2020 Lanjut →

BYD Electric Cars Coming To The US

BYD are a Chinese car company with serious global aspirations and after recently signing on with Daimler AG (NYSE:DAI) to co-develop electric vehicles, no one is doubting their potential. Warren Buffet came onboard in late 2008, buying up a 10% stake in BYD worth $230 million USD, largely due to their enviable chinese market share and to a lesser extent due to their development of electric vehicles that may be heading to Europe and the USA sooner rather than later. BYD has been the toast of the international business community so far in 2010 having been ranked as the 8th most innovative company in the world by Lanjut →

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