Posts Tagged ‘Byd’

China’s push to promote green cars questioned

Beijing -- From General Motors Co. to BYD Automobile Co., global and Chinese carmakers are promoting their electric cars and prototypes at China's green-themed auto show, but executives are also voicing doubts here about the promise of this new clean technology.


BYD owner Wang Chuanfu named China’s richest man

According to Hurun Report’s annual Hurun China Rich List, Wang Chuanfu is China’s richest man. Chuanfu, founder and chairman of BYD (Build Your Dreams) Auto, has a personal fortune estimated at $5.1 billion. American investor Warren Buffet, currently the world’s second richest man (correct me if I’m wrong), invested $230 million in BYD last year. The investment quintupled the value of BYD over the past 12 months. It was reported in August, that Warren Buffett earned a $1 billion profit from an
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