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Buffet: BYD to lead new energy technology

From China CSR| October 07 , 2010 09:51 BJT

According to U.S. billionaire Warren Buffet, Chinese electric-car manufacturer BYD Company is expected to play a key role in the future of new energy technology.

Buffet paid his first official visit to BYD in Shenzhen recently, and attended a series of events organized by BYD. In 2008, MidAmerican Energy Holdings Company, a subsidiary of Buffet's Berkshire Hathaway, bought a 10% stake in BYD for USD 230 million.

Established in 1995, BYD has become the largest rechargeable battery maker in China.

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