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Wednesday, February 3, 2010

BYD Auto Invests In Solar

Chinese car and battery maker BYD Co Ltd, 10 percent owned by US billionaire Warren Buffett's Berkshire Hathaway, will invest 22.5bn yuan($3.3 billion) over five years to build China's largest solar power battery plant.

Posted by Warren Buffett Blog at Wednesday, February 03, 2010

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Warren Buffett Blog: Warren Edward Buffett (born August 30, 1930) is an American investor, businessman, and philanthropist. He is one of the most successful investors in history, the primary shareholder and CEO of Berkshire Hathaway, and in 2008 was ranked by Forbes as the richest person in the world with an estimated net worth of approximately $62 billion. In 2009, after donating billions of dollars to charity, Buffett was ranked as the second richest man in the United States with a net worth of $40 billion. Only Bill Gates is currently ranked higher than Buffett. Buffett is often called the "Oracle of Omaha" or the "Sage of Omaha" and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett is also a notable philanthropist, having pledged to give away 85 percent of his fortune to the Gates Foundation. He also serves as a member of the board of trustees at Grinnell College. He has frequently been featured in The Washington Post, Fortune, Forbes, The New York Times, Barron’s, The Wall Street Journal, The Financial Times, and many other publications.

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