Buffett on Board
BYD, the Chinese battery maker-turned-automaker that stunned the world with the first mass-market electric plug-in car late last year, remains something of a wild card. The car, the F3DM, goes 62 miles on a single charge -- farther than other electric vehicles -- and sells for around $22,000, less than the plug-in Prius and much-hyped Chevy Volt are expected to cost when they come out in late 2010. But a number of questions remain, like when the car will come to the US (if at all), and how safe are its batteries.
But as we've noted before, super investor Warren Buffett's a fan, and according to a feature in Fortune this week, he thinks BYD "has a shot at becoming the world's largest automaker, primarily by selling electric cars, as well as a leader in the fast-growing solar power industry."
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