BYD was slow to roll out its Electric Cars in China and in U.S. - company was hit with lawsuits in China and sales at the low end of expectations for its conventional vehicles. Now these cars are coming to U.S. and we guess that they have already passed strict U.S. safety regulations. It could be a tipping point for this automaker. Even if they will not take North American market by storm the huge Chinese market will be BYD playground.
Company is backed by Warren Buffett and they have moved last year to secure Lithium supply for the company.
"Now Chinese BYD backed by Warren Buffett moves to secure supply of Lithium. It looks like every major lithium end user would like to participate in Lithium mining company to ensure supply of this strategic commodity. As you can guess, there is not so many Lithium developers left to chose from."