Warren Buffett reportedly rakes in $1B profits on BYD in less than one year
 

<p>Filed under: <a href="http://www.autoblog.com/category/hybrids/" rel="tag">Hybrid</a>, <a href="http://www.autoblog.com/category/china/" rel="tag">China</a>, <a href="http://www.autoblog.com/category/tech/" rel="tag">Technology</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a>, <a href="http://www.autoblog.com/category/celebrities/" rel="tag">Celebrities</a>, <a href="http://www.autoblog.com/category/alternative-fuel/" rel="tag">Alternative Fuel</a></p><a href="http://www.autobloggreen.com/gallery/2009-byd-f3dm-plug-in-hybrid/#2"><img vspace="4" hspace="4" border="0" alt="" src="http://www.blogcdn.com/www.autoblog.com/media/2009/08/byd-f3dm.jpg" /></a>
<div style="text-align: center;"><em><strong><sub >2009 BYD F3DM - Click above for high-res image gallery</sub></strong></em></div>
<br /> You don't get to hold the title of The Richest Person in the World - a title oft-owned by either Bill Gates or Warren Buffett at any given time - without knowing how to make sound financial decisions. While not all of Warren Buffett's investments end up raking in tons of money, his <a href="http://www.autoblog.com/2008/10/01/warren-buffet-recharges-his-batteries-with-investment-in-byd/">procurement of a ten-percent stake</a> in Chinese automaker BYD less than one year ago has already earned his Berkshire Hathaway Inc. some $1 billion.<br /> <br /> Driving the rapid rise in BYD's value are its investments in hybrid automobiles <a href="http://www.autobloggreen.com/2008/12/15/chinas-first-hybrid-byds-f3dm-goes-on-sale-today/">like the plug-in F3DM</a> and, even more importantly, high-tech lithium iron phosphate batteries. A recent partnership with <a href="http://www.autobloggreen.com/2009/05/25/vw-and-byd-partner-up-for-electric-cars/">Volkswagen</a> and <a href="http://www.autobloggreen.com/2009/05/28/byd-looking-for-more-partnerships-with-ford-unnamed-european-au/">possible tie-ups with Ford and others</a> have proven the worth of that energy storage technology for automotive use and the company is already China's largest producer of rechargeable batteries for portable electronics. <br /> <br /> BYD Chief Executive Officer Wang Chuanfu has publicly stated his company's plan to more than double global sales this year with new models and additional export deals, which <a href="http://www.autobloggreen.com/2008/12/27/chinas-byd-delays-european-and-us-sales-a-year-to-2011/">could include the United States</a> as early as 2011. With all of this in mind, it shouldn't come as a surprise that Buffett bolstered his investment Sunday night by acquiring an additional 225 million shares of BYD stock.<br /> <br /> <br /> <div class="postgallery"><p><s trong>Gallery: <a href="http://www.autobloggreen.com/photos/2009-byd-f3dm-plug-in-hybrid/low/">2009 BYD F3DM plug-in hybrid</a></strong></p><a href="http://www.autobloggreen.com/photos/2009-byd-f3dm-plug-in-hybrid/low/"><img src="http://www.blogcdn.com/www.autobloggreen.com/media/2009/01/2009-byd-f3dm-1280_0011_thumbnail.jpg" alt="" title="" /></a><a href="http://www.autobloggreen.com/photos/2009-byd-f3dm-plug-in-hybrid/low/"><img src="http://www.blogcdn.com/www.autobloggreen.com/media/2009/01/2009-byd-f3dm-1280_0010_thumbnail.jpg" alt="" title="" /></a><a href="http://www.autobloggreen.com/photos/2009-byd-f3dm-plug-in-hybrid/low/"><img src="http://www.blogcdn.com/www.autobloggreen.com/media/2009/01/2009-byd-f3dm-1280_0013_thumbnail.jpg" alt="" title="" /></a><a href="http://www.autobloggreen.com/photos/2009-byd-f3dm-plug-in-hybrid/low/"><img src="http://www.blogcdn.com/www.autobloggreen.com/media/2009/01/2009-byd-f3dm-1280_0012_thumbnail.jpg" alt="" title="" /></a><a href="http://www.autobloggreen.com/photos/2009-byd-f3dm-plug-in-hybrid/low/"><img src="http://www.blogcdn.com/www.autobloggreen.com/media/2009/01/2009-byd-f3dm-1280_0008_thumbnail.jpg" alt="" title="" /></a></div><br /> [Source: <a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a5n T9dttOs7w">Bloomberg</a>]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/08/04/warren-buffett-reportedly-rakes-in-1b-profits-on-byd-in-less-than-one-yea/">Warren Buffett reportedly rakes in $1B profits on BYD in less than one year</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Tue, 04 Aug 2009 10:01:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.bloomberg.com/apps/news?pid=20601087&sid=a5n T9dttOs7w>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/08/04/warren-buffett-reportedly-rakes-in-1b-profits-on-byd-in-less-than-one-yea/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19117585/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/08/04/warren-buffett-reportedly-rakes-in-1b-profits-on-byd-in-less-than-one-yea/#comments" title="View reader comments on this entry">Comments</a>

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