(BRK.A), (BRK.B)
BYD’s hot-selling Tang is ranked number one in sales in the hottest market in the world for electric cars, China.
China’s plug-in electric vehicle (PEV) sales reached a new high in September. Some 104,900 plug-in vehicles were registered that month with BYD’s Tang taking the top spot.
The BYD Tang is a plug-in hybrid Crossover sport utility vehicle (CUV) developed by BYD Auto based on its BYD S6.
BYD’s other EVs had strong sales, with BYD’s Yuan EV in third place, the BYD e5 in sixth place, the BYD Qin PHEV in ninth place, and the BYD Song PHEV in thirteenth place.
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.