This Chinese Car Maker Has Made Warren Buffet’’s Company USD2.2 Billion Richer
Take it from Warren Buffet to make a killing on a Hong Kong-traded, Chinese company stock. Ten years ago, Buffet’s Berkshire Hathaway Inc. bought a 9.9 percent stake of Chinese carmaker BYD’s stocks. Now, these shares have increased more than 500 percent since then, making Berkshire’s USD232 million (HKD8 or …
BYD to Bring More Electric Transport Solutions to PH
Electric vehicle manufacturing giant BYD recently announced the presence of its multi-layered electric transportation lineup in the country. Solar Transport and Automotive Resources (STAR), the official distributor of BYD in the country, headed by Managing Director Mark Andrew Tieng spearheaded the “launch of multi-layered electrified transportation solution in the Philippines.” …
Chinese Car Brands Narrow Gap on Foreign Rivals in Terms of Quality
Will local, “Made in China” vehicles one day surpass foreign car brands in the Chinese market? There’s a big possibility they can, according to a study conducted by J.D. Power. And its prediction? Chinese local car makers will catch up–or even surpass–many of the popular global car brands by 2020. …
