BYD Company is the Chinese Tesla

Would you invest along side the 3rd Richest man in the world, Warren Buffett, if you could?

Do you feel bad missing the 1000% run-up of Tesla Motors ( )?

Well there is a company in China, on the Hong Kong Stock Exchange, that you could invest in that Warren Buffett owns 10%.  The company is BYD Company symbol 1211 .

This company is an electric car maker that has seen its shares go in 2005 at $12 hong kong dollars to 2007 $70 hong kong dollars then it collapsed because of the 2008 crisis to $8 hong kong dollars then to $85 in 2009 and now is back to $28.

The wild ride took place because of a subsidy that the Chinese government removed for electric cars.

This BYD Company is the worlds biggest electic bus maker and one of the worlds biggest battery makers so it is diversified.It is also producing many different electric cars while Tesla is just producing 1 electric car type.  BYD is definitely ahead of the game.  Furthermore, it is getting into the energy storage business.  Notwithstanding, the company is vertically integrated and controls even the Lithium mines for its batteries.

One company named Longboard with CEO Cole Wilcox predicted that Tesla would hit $200 a share and it did.  They are now predicting BYD to go to $100 a share in 18 months from the $28 it is right now.  It is possible but even if it goes to $50 a person would be very happy.

Lastly BYD’s CEO Wang Chuanfu is to China as Elon Musk is to the US.  Wang Chaunfu is absolutely incredible and has built an incredibly strong company.

As of the writing of this article the company has a small 0.22% dividend.

As the Chinese are transitioning over to a consumer based economy that is trying to be more and more “Green” this electric car company will gain steam.

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