August 20, 2011 by Tycho de Feijter
HONG KONG – Warren Buffett’s support for BYD Co is proving no solace for investors, as analysts rate the Chinese automaker the lowest among global peers.
Hong Kong-listed BYD has the lowest consensus rating among the world’s largest automakers, according to data compiled by Bloomberg. BYD shares are rated “sell” by 13 of 22 analysts who follow the stock, “hold” by seven and “buy” by two others, giving the Shenzhen-based company a score of 2 out of a possible 5. Read more »
September 30, 2010 by Tycho de Feijter
BYD-shareholder Warren Buffet and his buddy Bill Gates are still in China. They’ve been busy checking out BYD factories and telling Chinese rich people about giving away money to poor people. They also helped to launch the BYD M6. The Previa-copy debuted at the Beijing Auto Show and has now hit the Chinese market.
September 28, 2010 by Tycho de Feijter
Warren Buffet and Bill Gates Visited two BYD plants in Guangdong province, one in Huizhou and one in Shenzhen. Buffet denied rumors he wanted to sell his 10% share in the battery, auto and busmaker. Gates presence might indicate another American billionaire wants a stake in BYD…
Buffet attended a BYD-dealer event today and will visit BYD’s electric bus factory on Thursday. Since last week’s announcement of Buffet’s visit BYD’s shares on the Hongkong stock exchange have gone up 20%. Buffet should come more often. More on the story from Xinhua:
“SHENZHEN, Sept. 27 (Xinhua) — Billionaire investor Warren Buffett reaffirmed his support in Chinese electric carmaker BYD Auto here Monday after media reports suggested he might reduce his stake in the company.
“BYD is the right choice for me,” he said while speaking to nearly a thousand BYD car dealers at the dealers annual meeting in China’s boom town of Shenzhen. Buffett described the company as “a young and promising company experiencing dynamic growth” and “a leader in innovation and technology”.