Warren Buffett # 39; 3h interview on Squawk Box | CNBC 2017
Chinese cars Buffett come to U S.
BYD said his electric E6 will have a range of 186 miles in relation U S But Americans will buy a Chinese electric car BYD Source.
Are you ready to buy a Chinese car Buffett.
BYD Auto is a Chinese automaker that is partly owned by Berkshire Hathaway BRK-B NYSE Warren Buffett for many years, BYD spoke with optimism about its export projects cars made in China to the United States now, the company said that it will begin offering its cars to Americans by the end of 2015.
BYD did interesting work with hybrids and electric cars, but BYD has a long history of optimistic forecasts, and the company has had a difficult time to remain competitive, even in its home market but investment Berkshire Hathaway has given the company some global credibility is it time to take them seriously.
As fish contributor John Rosevear explained in this short video, it is one thing to compete with other domestic Chinese automakers at the bottom of the huge auto market in China, something else to compete with the best on their merits in the world but that's what BYD says that he goes to luck.
Would you buy a Chinese car is See John ratio in the short video below then scroll down to leave a comment and share your views.
John Rosevear Fools Hey, it's John Rosevear Are you ready to buy a Chinese car Buffett You might get your chance before long.
BYD Auto is a Chinese automaker that is partly owned by Berkshire Hathaway Warren Buffett BYD made a lot of interesting work around hybrid and electric cars, they actually have a battery company in large lithium-ion battery and a divider panels solar, but like many Chinese automakers, their haven vehicles peace t really ready for prime time, they've been at the bottom, the economic purpose of the Chinese automotive market and they haven t really had much success export, because they haven t seen as competition with major global automakers in terms of things like shock resistance and fit and finish, but they've gradually caught up, we all expected, and now says that BYD plans to introduce four models in the US at the end of 2015.
This is not the first time BYD tried to come to the ICU could delve into the Motley Fool archives and find articles I wrote for saying they would come by the end of 2010 or 2012, and these plans didn t pan out, but official BYD told Bloomberg last week that the company will be much better prepared this time BYD says its cars are more fashionable, with improved design and safety features, and the company are not intended to compete as a low cost alternative, but want to compete on quality and innovation with major global players.
BYD is a new plug-in hybrid sedan that will likely be its flagship here in the United States that the car is on sale in Beijing last month it costs about 31,000 and about gets 43 miles range on his batteries before the gasoline engine kicks in, which is competitive with cars like General Motors GM Chevy Volt NYSE.
It remains to see if the cars that were both developed and manufactured in China will be able to get traction here in the US, but BYD is not the only Chinese car manufacturer setting its sights on the US market Geely Auto said it plans to export Chinese -made cars in the US from 2016 but there is a big difference Geely owns Swedish car manufacturer Volvo and the models it plans to bring to the States STATES have been developed with the help of Volvo and can come here badged as Volvos Volvos that happen to be made in China may have an easier win US customers only Chinese brand trying to build a presence from zero, but we'll see.
While many automakers will look to see how it plays out, because I think a lot of the major global automakers would export market development cars in the US It will be interesting to watch, for sure Thanks for looking, and Fool.
Fool contributor John Rosevear owns shares of General Motors you can connect with him on Twitter at jrosevear The Motley Fool recommends Berkshire Hathaway and General Motors The Motley Fool owns shares of Berkshire Hathaway Try our free Foolish newsletter services for 30 days We Fools can not all have the same opinions, but we all believe that the review a range of perspectives makes us better investors the Motley Fool has a disclosure policy.
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