(BRK.A), (BRK.B)
BYD Motors, LLC., has pledged a donation of $1 million in medical supplies, including PPEs and hand sanitizer to transit agencies and first responders in the United States and Canada.
The supplies are arriving at various U.S. distributions centers to be closer to those locations where they are needed most.
The supplies include FDA-approved Adult Surgical Masks and KN-95 respiratory protective devices as well as hand sanitizer that is 99.999% effective. Several thousand PPEs have already been delivered to agencies that include the City of Los Angeles, the Valley Medical Center in San Jose California, the Toronto Transit Commission and the LA County Sheriff’s Department.
BYD President for North America Stella Li praised first responders and transit agency employees working to stop the spread of COVID-19.
“BYD wants to help those who are helping all of us and believe this is how we can do it best,” she said. “We will get through this together.”
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.
© 2020 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.