BYD (Build Your Dreams), a world leader and pioneer in battery and zero-emission vehicles, has announced that its year-on-year electric car sales rose almost 300% for the month of January 2019 over January 2018.
BYD’s official number is 292%.
The company sold 28,005 electric cars in China in January, which is its third highest month ever.
The robust sales are in great part due to the continued success of its BYD Yuan, which set its eighth consecutive month of record sales with 10,093 vehicles.
The Yuan ranks #1 in the plug-in electric car segment in China.
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.
© 2019 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.