Warren Buffett invested BYD in 2008
BYD Co., Ltd is a leading-edge provider of green energy technologies that specializes in the IT, automotive, and new energy industries. Being the world’s biggest rechargeable battery manufacturer, BYD also has the largest global market share for cell-phone chargers and keypads. BYD branched out into the auto business in 2003, and has kept a robust yearly growth rate successively. In 2008, Warren Buffett invested $232 million to take a 9.89% stake in BYD. Today, BYD is the fastest-growing Chinese auto company and a global pioneer in the field of new energy vehicles including Dual Mode Electric Models and Pure Electric Models.
Based on its core Fe Battery technology, BYD has worked out a Green City Solution, which aims to electrify urban public transportation systems by transitioning from gasoline and diesel buses and taxis to pure electric ones. In March 2012, BYD and Daimler AG officially announced the entirely new EV brand Denza in China.
In addition, BYD has also focused on the Research & Development and manufacturing of a wide range of new energy products, including energy storage system, solar energy products and LED lighting.
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