Hints and tips:
...The world’s biggest electric vehicle producer said net profit rose 81 per cent to Rmb30bn ($4.16bn) in the 12 months to the end of December, compared with analyst estimates of Rmb31bn, as the Warren Buffett-backed...
...Its PacifiCorp electric utility, which has operations in Oregon and California, paid $631mn in settlements over wildfires last year....
...Utilities have long been dependable motors of Warren Buffett’s Berkshire Hathaway conglomerate, turning out steady profits at rates of return approved by regulators....
...The company, backed by Warren Buffett, overtook Tesla in EV sales during the final quarter of 2023, when it shifted 526,409 electric vehicles compared to 484,507 sold by Tesla between October and December...
...The company counts Warren Buffett’s Berkshire Hathaway as a shareholder....
...Nio’s sales to the end of November this year are up 33 per cent at about 142,000 vehicles, putting it ahead of almost all foreign brands in China’s EV market, though well behind Tesla and Warren Buffett-backed...
...While growth at the Warren Buffett-backed Chinese company has been mostly achieved on its home turf, BYD is sharpening its focus on finding new foreign markets including in Europe....
...The future appeared bright for Shanghai electric vehicle start-up Aiways when it was founded in 2017....
...Warren Buffett’s Berkshire Hathaway averted a courtroom showdown over its purchase of a truck stop operator founded by a Tennessee billionaire, after settling a dispute centred on the value of the business...
...Warren Buffett’s Berkshire Hathaway surged to a record high this week, helping increase its valuation this year by more than $100bn — the equivalent of Ford and Halliburton combined....
...In the fourth quarter of 2023, BYD, which was founded in 1995 and counts Warren Buffett’s Berkshire Hathaway as a shareholder, sold a record 526,000 battery-only EVs to Tesla’s 484,000....
...The Sage of Omaha, Warren Buffett, sold off some of Berkshire Hathaway’s Chevron holdings in 2023 and some analysts have soured on the stock....
...BYD, which is backed by Warren Buffett....
...Its electric utility PacifiCorp has faced litigation over 2020 fires that destroyed thousands of homes and burnt more than half-a-million acres of land in Oregon....
...Until recently, the company accounted for 20 per cent of cars sold in China but it is falling behind in the fast-growing electric segment as local rivals such as Xpeng and Warren Buffett-backed BYD take...
...A meeting with Jeff Immelt led to $500mn more from General Electric....
...Dominion will be left to focus on its state-regulated electric utilities at a time when US power consumption is growing, sparked by factors including the shift to battery vehicles....
...Warren Buffett-backed BYD has the largest chunk of the Chinese market and sold 700,000 fully electric and plug-in hybrid vehicles globally in the second quarter....
...Tesla and Warren Buffett-backed BYD have been the chief beneficiaries, boosting sales at the expense of a clutch of smaller rivals and some foreign brands....
...The Warren Buffett-backed group notched sales of 1.26mn vehicles in the six months to the end of June, nearly double the first six month of 2022. BYD shares gained 4 per cent in Asia trading....
...The motto of veteran US investor Warren Buffett is supposed to be “hold for the long term”, not “hello, I must be going”....
...Despite success in China — where Tesla makes about a quarter of its revenue — the rise of homegrown plug-in hybrid and EV challengers, including Warren Buffett-backed BYD, has seen Tesla lose market share...
...Tesla’s move to slash prices in China has backfired as Elon Musk’s company loses market share to Warren Buffett-backed BYD, putting Chinese carmakers on track to sell more passenger vehicles than their foreign...
...In Hong Kong, a new adage may now emerge as investors learn not to combat Warren Buffett....
...The Warren Buffett-backed group’s third-quarter net profit of Rmb5.7bn ($786mn) smashed its previous record of Rmb2.8bn set in the second quarter of this year....
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