(BRK.A), (BRK.B)
In another step in its global expansion, BYD, backed by Berkshire Hathaway, celebrated the grand opening of its flagship store on Sheikh Zayed Road in Dubai. Attendees were treated to a preview of the Yangwang U8, a luxury SUV set to debut in the UAE market in 2025.
The Yangwang U8 is the first model under BYD’s premium Yangwang brand, further solidifying the company’s commitment to delivering high-end electric vehicles to the region.
The company recently inaugurated its Thailand plant in Rayong and produced its 8 millionth new energy vehicle.
BYD’s new energy vehicles are now available in 88 countries and regions. The company has established passenger car production bases not only in Thailand but also in Brazil, Hungary, and Uzbekistan.
© 2024 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a 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.