Photo by Anne Nygård on Unsplash
BYD is a Chinese-based EV manufacturer. Legendary investor Warren Buffet and his investment firm, Berkshire Hathaway have been heavily investing in BYD since 2008. Those investments may have been key to making it the No. 2 EV company in the world, behind US-based Tesla.
Yet BYD will be quick to add that they are much more than an EV company. BYD is also a major player in the global electronics industry and started out selling electronic components under the name BYD Electronics (BE). In 2023 Berkshire Hathaway began selling its shares of BYD, creating liquidity. On August 27, BYD bought US-based Jabil’s mobile electronics manufacturing arm for $2.2 billion. Jabil is listed on the NYSE under the ticker JBL.
