China’s electric car spree proves a bonanza for S Korean tycoon
An employee charges a BYD Co. electric vehicle (EV) at an EV charging station at the company's campus in the Pingshan district of Shenzhen, China, on Tuesday, Aug. 5, 2014. Net debt for BYD Co., the electric automaker partially owned by Warren Buffetts Berkshire Hathaway Inc., or interest-bearing borrowings minus cash and equivalents, climbed 34 percent to a record 20.3 billion yuan ($3.3 billion) at the end of last year. Photographer: Brent Lewin/Bloomberg
Photo by Bloomberg
China’s goal of putting more electric cars on the road is proving a bonanza for a South Korean tycoon.