http://www.reuters.com/article/businessNews/idUSTRE57U1NI20090831
China's BYD says Buffett wants to raise stake By Joanne Chiu HONG KONG (Reuters) - U.S. billionaire Warren Buffett intends to raise his stake in Chinese electric car and battery maker BYD Co Ltd (1211.HK), BYD's chairman said on Monday, sending shares in his company up 8 percent. MidAmerican Energy Holdings, a unit of Buffett's Berkshire Hathaway (BRKa.N), bought 10 percent of BYD for $230 million or about HK$8 a share last September, sparking a massive rally in the stock. "MidAmerican has always intended to raise its stake in BYD because it believes BYD has good prospects in the development of renewable energy, but we are still considering (whether to sell more)," BYD Chairman Wang Chuanfu told reporters on Monday. <snip> It launched a gasoline-electric hybrid electric car, F3DM, in China last year and expects to sell its all-electric car e6 to the United States in 2010, a year earlier than its original 2011 target. BYD says the e6 is capable of driving 400 kilometers (249 miles) on a single charge. "e6 will be launched in the United States by the end of 2010 and they are now being tested under U.S. regulations," Wang said. <more> Here are the E6 specs: http://www.byd.com/showroom.php?car=e6&index=2 Terry
