BYD delivers mixed results for Warren Buffett

Chinese car and battery manufacturer BYD has not been Warren Buffett’s most successful investment, and another poor earnings report came out on Friday. The company announced that its net profit decreased almost 90% year over year to RMB27 million. The news sent shares down almost 3%, bringing the stock down almost 74% for the last five years.


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Warren Buffett loves Chinese Cars

Warren Buffett's Chinese Cars Will Start Killing The US Auto Industry As Soon As This Year

Vincent Fernando
Jan. 13, 2010, 7:12 AM

BYD, the upstart Chinese electric car maker Warren Buffett famously has an investment in, is planning enter the U.S. market as soon as the second half of this year.

Considering the U.S. market entrance by multiple new auto players (from Chinese firms BYD and Geely, to India's Tata and even U.S. upstart Tesla Motors) expect auto industry competition to get far more intense than it already is.

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