byd china – pressnews

[ad_1] Warren Buffett “loves” China’s biggest electric-vehicle maker BYD Co. and isn’t abandoning it, a senior executive from the company said. Warren Buffett “loves” China's biggest electric-vehicle maker BYD Co. and isn't abandoning it, a senior executive from the company said, despite the legendary investor's Berkshire Hathaway Inc. offloading more than a fifth of its stake this year.“It's very natural for him to get some returns — cash out,” BYD Executive Vice President Stella Li said in an interview Tuesday, in the first high-level public comments addressing the selldown of Buffett's long-held stake in the company. BYD shares jumped 6.9% in Hong Kong on Wednesday morning, hitting their highest since September and among the top gainers on the Hang Seng Index. Berkshire, which firs...

[ad_1] BYD Co's Japanese division said on Monday it would start selling its first battery electric vehicles (BEVs) in the country early next year. BYD Co's Japanese division said on Monday it would start selling its first battery electric vehicles (BEVs) in the country early next year, as the world's largest EV maker further steps up its plan to either sell or make its cars available across major markets.China's BYD, in which Berkshire Hathaway owns a stake, said it will roll out an electric sports utility vehicle, ATTO 3, in Japan starting Jan. 31. The car has a cruising distance of 485 kilometres and will cost 4.4 million yen ($32,735.66). In comparison, Nissan Motor Co's electric Leaf standard model has a cruising range of 322 kilometres and costs about 3.7 million yen. BYD's Japan...

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Warren Buffett ‘Loves’ China’s BYD Despite Selldown, EV Executive Says

China’s BYD to start selling EVs in Japan by early 2023