September 30, 2008

Buffett Bets on Chinese Batteries

Amid all the doom-and-gloom with American stocks Chinese investing remains a bright spot. Yesterday as the Dow Jones Industrial Average lost 7% value, famous stock picker Warren Buffett bought close to 10% of the shares of Chinese battery maker BYD, listed on the Hong Kong exchange as 1211.HK. The company is transforming itself into an electric car maker --BYD Auto -- with big plans. The F1 pictured here sells for under $3,000. One to watch!

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