Buffett's ElectricCar Maker Is Still on Sale | Electric Cars and Hybrid Vehicle - Green energy

Buffett’s ElectricCar Maker Is Still on Sale

20 Фев 2014 | Author: | Комментарии к записи Buffett’s ElectricCar Maker Is Still on Sale отключены
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Buffett’s Electric-Car Maker Is on Sale

A battery, solar-panel, and maker made famous by a Omaha-based oracle, BYD ( NASDAQOTH: ) has seen its fair share of and troughs. The company, 10 % by Berkshire Hathaway   ( NYSE: )   ( NYSE: BRK-B ) subsidiary  flying high a few years ago on the of its genius founder, who was pushing the of electric vehicles well Elon Musk got headlines. years saw plummeting sales and competition in its non-vehicle businesses. Now the has seen sales stabilize in the half of the year, but warns of stormy weather ahead.

Is BYD a or a nightmare?


For those unfamiliar, BYD which stands for Build Dreams — is a Chinese and electric vehicle manufacturer, other lines of business. The is run by a man Berkshire bigwig Charlie once described as a cross Edison and  Jack Welch, Chuan-Fu. Wang caught the attention with Warren endorsement, and antics such as a Toyota seat , mid-travel, to understand its mechanics.

In its first of 2013, BYD saw its net income rise 16 million Chinese yuan in to 427 million (roughly $70 million) year. Car sales jumped  an 25% throughout the first half, far of the industry average in China.

It’s been a slow, path to recovery since when the company faced issues, including one incendiary incident, as well as competition in lines of business such as phone batteries and photovoltaic Though they were for half of its car  revenue in the first of this year, the company to phase out its gasoline vehicles in of electric vehicles, prompting to consider BYD the Tesla of China.

shares plummeted on a tepid for the remainder of the year. Is BYD bound for mishaps, or is this a Tesla to happen?

Looking ahead

For Buffett and BYD has already proved to be a fantastic Buffett made his stock in the $2 per share range, and hasn’t any of Mid-American’s stake to date. it’s far outside the Oracle’s BYD appears to remain a convincing investment for Berkshire Hathaway.

K9 electric buses are snapping up around the world, from  to Amsterdam . The company provides a number of taxis to markets as Shanghai and Hong Kong, and to expand in coming years.

guided down for the rest of sending shares down by digits in Monday’s trading. profit is expected to be less half  a million U.S. and management believes its ongoing will be delayed by the weak season.

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Overall, though, this is a buy and look away stock, for interested. BYD has been and will exceptionally volatile. Short-term will keep things for the foreseeable future. A prospective should view this as a hold.

Wang Chuan-Fu is to creating, a  zero-carbon and zero-emission system with his automobiles, and solar panels. The company has substantially from its previous but it still has a long way to go.

BYD trades at a far reasonable valuation when to the likes of Tesla, and has a more line of business. While stock price assumes will go peachy-keen for Musk and Co. valuation is more realistic, the issues still facing electric vehicle adoption.

For a well-priced entry into the of zero-emission vehicles, BYD remains an Buffett-endorsed pick.

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BYD e6 Electric Cars
BYD e6 Electric Cars
BYD e6 Electric Cars
BYD e6 Electric Cars
BYD e6 Electric Cars
BYD e6 Electric Cars

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