Warren Buffett’s bet on a Chinese electric car company pays off big

In the fall of 2008, Berkshire Hathaway, the holding company led by Warren Buffett, invested about $232 million in BYD, which was then an obscure Chinese electric car company based in Shenzen, not far from Hong Kong. FORTUNE magazine assigned…

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Marc Gunther

Marc Gunther

Reporting on psychedelics, tobacco, philanthropy, animal welfare, etc. Ex-Fortune. Words in The Guardian, NYTimes, WPost, Vox. Baseball fan. Runner.