BYD Making Major Strides in Brazil

(BRK.A), (BRK.B)

BYD (Build Your Dreams), a world leader and pioneer in battery and zero-emission vehicles, is making major strides in Brazil.

BYD Americas CEO Stella Li met recently with São Palo Mayor Bruno Covas at the Brazilian Consulate in Los Angeles to discuss zero-emission mobility in one of the world’s most vibrant cities.

Projects in progress across Brazil, include a fleet of 200 electric refuse trucks in Indaiatuba, and a $689 million monorail system in Salvador.

The company is also building a solar panel manufacturing facility in the city of Campinas.

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares. It’s an investment that has paid off handsomely. Berkshire’s original investment of $230 million has grown in value almost ten-fold, and is now worth roughly $1.96 billion.

For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.