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Cheap electric car for Chinese masses.
china...auto and battery maker...green energy...powerfull owners...
Its a green stock,Its a China Play, It doesn't hurt that Warren Buffet invested there.
I'm trying to find out myself. Any current quotes from 6-29-11.
Byddf has many things going for it. Naysayers talk about not having an infrastructure for electric vehicles....I say how many gas stations don't have electricity? It would not take alot to put in the infrastructure and with Warren Buffett, Charlie Munger, David Sokol long on this company ...I will go with my instincts AND their direction.
Getting closer to range berkshire acquired and munger is sticking by them
The basic thesis that batteries will soon become an essential component for cars is difficult to dispute.Absent some disruptive invention that shakes up the playing field, BYD will undoubtedly be one of the top three players in that field. There are plenty of deep pocketed investors who can throw good money after bad to keep this thing moving until it spits off the cash flows that will go to the winner of that race.Now that the company has fallen off. It's a fine entry point.
The electric car is the way of the future which is going to need cheap high tech batteries. This company, supported by Buffet and associates, seems to be in place to make both, the car and the batteries.
I live in China and see the BYD commercials on TV and the Cars on the road. It is growing and will continue to do so!
In a word, the low-cost producer of high quality all electric cars. Can't wait until their cars are sold in the States.
I believe this is the gateway to the future.Short term the 2011 lauch of the IPad with its initial pipeline distribution loading should bring a short term resurgance to the company's bottom line.Long term (5-10 yrs) the head of BYDDF is todaysThomas Edison.Tommrow I believe this will be one of the biggest "Woulda, coulda, shouda" investments for today.
Green Energy is in & this one will be in the running
World is running out of oil plus petrol/diesel vehicles are getting more expensive to run due to oil and tax prices. BYD make electric cars. From what i've observed, in the UK and Australia, electric car charge points are appearing in car parks. Obviously this is the start of something big and BYD is in it. Even if their cars aren't popular their batteries and know how will be. According to Buffett the boss is outstanding as well...
aware against the oracle, I understand they try to focus on electric batteries (thus tablet pcs), but they build cheap imitations of other products (wouldn't want to crash in one of their cars, lol), and so they should expect others to do the same to them once they come up with some new patented battery technology... + after 20minutes I gave up the search for their annual report, hopefully for the oracle the concealment is beneficial (60% rise in capex, 400% rise in q4 profit), perhaps real opportunities, not just giddy management flush with cashwould appreciate if someone gave a link to their fin statements
China automotive is booming. Being in the industry - i know.
Warren and Charlie like it and Warren's favorite holding period for a stock is forever. China needs cleaner technology in all facets of their economy, and cars are a big one. Battery storage will be huge. Solar will be huge. Think long term on this one, say 5-7 years or longer.
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