Warren Buffett Loots America while having an ice cream
January 19, 2014 Lancaster, CA There are five, two billionaires with connections to two of the most powerful governments in the world have become partners to take on the world of the automobile market in the name of China One of these rich Investor Warren Buffett was and with its business partnerships with the Obama administration, these Chinese cars will start to be sold next year in the United States.
Qin Chinese coming to America next year courtesy of BYD Auto.
GM Warning and Ford Look out Toyota There is a new generation of car manufacturer in the city and its Chinese company called BYD Automobile Actually, BYD are the initials of the Chinese name of the company, something that doesn t really translated into English way Western investors have given the company a slang name, Build Your Dreams.
In 2009, Warren Buffett Berkshire Hathaway bought a September 9 Participation in a little-known manufacturer, the Chinese battery controlled by the government appointed BYD between mini-computers, smart phones, jumbo jets and green cars, Buffett knew batteries were the wave of it future and Berkshire has bought 230 million BYD stocks for about 2 per share Friday, the NASDAQ-OTH BYDDY shares closed 9 42 action, which makes Berkshire Hathaway and its investors a billion dollars in pure profit.
Although the stock has increased nearly five times in the five years since the Chinese government has allowed Buffett to invest in the business, many expect to increase exponentially from here, especially if all goes well with 2015 the company set up its Chinese new cars in the US market shows that Berkshire Hathaway hasn t sold a single share of its BYD holdings during the first six months of 2013, the company saw its net profits up to 427 million yuan to 70 million US of 16 million yuan in the same time period in 2012.
Just as a few basic compliments a report from CNN Money Fortune 2009, BYD was a small company founded by a battery Chinese government chemist who borrowed money from wealthy members of the family and used its connections Communist Party to gain an advantage and assistance of the Chinese Government Wang Chuan-Fu started BYD in 1995 in Shenzhen, China, began with a small factory where it manufactures rechargeable cell phone batteries to compete locally with foreign imports.
With the help of the Chinese government, BYD spent the next five years to become one of the largest battery suppliers in the world They not only manufacture parts for most cell phone companies, they also began to design the devices themselves for clients such as Motorola, Nokia, Sony Ericsson and Samsung in 2003, BYD bought a nearly closed state Chinese automaker Promising to turn around, Chuan-fu transformed into electric car manufacturer futuristic solar car BYD China.
With a small sales office in Elk Grove, Illinois arrival of his client Elk Grove Motorola and a small factory in Lancaster, California, BYD Auto is set to enter the US auto market The company plans to have cars in exhibition halls and in the streets of America by the end of 2015 already, the Chinese company produces and sells electric buses here in the United States to large fleet operators such as cities and towns, but this will mark the first time entered the car market of US consumers.
Like its counterpart here in the United States Tesla Motors BYD had planned to introduce its battery operated cars in America in 2010 BYD was ahead of most other major global automakers in the field of battery and solar, and cars that will eventually be powered by them, but a fire highly publicized one of its cars to Chinese batteries, much like Tesla recent PR nightmares associated with fire, has caused sales, equity investment and the price of tumbling Chuan-Fu said that their plans the United States were simply too ambitious with the few resources that the company had.
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As reported by Bloomberg News last week, BYD plans to introduce four models for its US debut in late 2015, said Stella Li, senior vice president for US operations of the company's account also quotes an analyst the overall investment of the automotive sector that suggested the entrance of BYD in the US isn t so many benefits because it is about to get buyers of American cars seal of acceptance and approval.
Apparently, the Americans know cars if Americans embrace the Chinese BYD Auto, as they did with Toyota, Honda and Hyundai, as the rest of the Western world If Chinese designed cars have poor quality or ISN launch t handled properly, the Chinese BYD can go the route of the Soviet Yugo of 1985, but with the man who bailed the bank bailed out the entire US government behind the US launch of BYD, investors are betting that Chinese just found their magic key that allows them in the US auto market of primary importance.
Already, California and some of its cities are Chinese customers BYD Auto powered by the company's bus batteries are caught by countries worldwide, including Canada, Israel and more recently Brazil in preparation for the Games Olympic 2016 in this country but is expected to be the first vehicle in the automaker's flagship consumption in the US they know the first cars sold in America must be reliable and good results if they're to accept the plug-in Qin hybrid society.
The plug-in Qin, the name of the dynasty that unified China in 200 BC, is on sale in Beijing in 2013 to 31400 US The car can go from 0 to 60 5 9 seconds and can travel 43 miles on one battery charge only US automobile analysts say the price and performance is consistent with national hybrid models Before now, BYD has been criticized for selling cheap cars with a poor safety records the company promised to reverse this perception and Qin is one of its models that symbolize this transformation.
BYD Auto is not the only Chinese automaker with big plans on entering the car market US consumer China's largest automobile manufacture Great Wall Motor said it plans to expand in the US, but has not released its official calendar to move much more quickly, however, is the Chinese carmaker Geely automobile company is owned by Volvo and plans to introduce a Swedish brand, but a hybrid vehicle manufactured in China to the United States in 2016.
One of the most interesting aspects of this story is not so much a Chinese automaker plans to enter the US auto market, as far as why they're coming to America In rare glimpse into the world of 21st-capitalist communism century, BYD Auto was forced into world markets, as it has been excluded from doing business in two major cities of Beijing and Shanghai BYD is located in Guangdong province of China at the southern tip of China.
Seemingly a world away, officials in Beijing and Shanghai have repeatedly denied requests to provide BYD car because cities have for the rest of the world their own automakers local state to subsidize and promote So while BYD builds the next generation of hybrids, most of the Chinese people will always buy the latest generation of hybrid because of the loyalty of large cities of the Communist party leaders of the big city automakers Communist party.
Meanwhile, the race the Chinese state BYD Auto will be the last foreign carmaker to try to enter the time the US auto market will tell if they will be successful as Toyota, BMW, Honda and even Hyundai Or can -being the Chinese Communist nickname will simply be too offensive for the Americans and Qin BYD will go the way of the Yugo, the Car, Peugeot and many other.
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