Buffett's China line aims to BYD

"Xinhua News agency, Shenzhen, September 27" (reporter Zhang Peng Yong) should be headquartered in Shenzhen, the company invited BYD, the world famous investor Warren Buffett, said on September 27 afternoon flew to Shenzhen, began a three-day and a half of China's trip. According to itinerary, Mr. Buffett will visit three cities in Shenzhen, Beijing and Changsha.　　In addition to attending a charity dinner hosted by the Bill Gates Foundation in Beijing on the evening of 29th, the rest of the time was spent exploring BYD and the activities of the BYD organization. Buffett's investment in global projects, the total amount of up to hundreds of millions of U.S. dollars, and BYD's investment is only 230 million U.S. dollars, can be said to be negligible. The Buffett visit to China's BYD, a large lineup.　　Buffett spent three days and a half time to lead so many people to study BYD, it is visible to BYD's future development prospects are very optimistic, but also optimistic about China's electric vehicles and new energy industry development prospects. Buffett's visit to China is very intensive, according to the reporter's visit to China, Mr. Buffett's itinerary is very intensive.　　There are nearly 40 visits and events in three cities in less than four days. After arriving in Shenzhen on the afternoon of 27th, Mr. Buffett will take a day and a half to participate in a series of activities planned by BYD, including a signing ceremony for BYD and the southern power grid, dinner with more than 800 BYD dealers from across the country.　　It will also visit four research and manufacturing bases in Shenzhen, Kwai Chung, Ping Shan, Bonhams and Huizhou, as well as some facilities and workshops that have never been opened to the public. After moving to Beijing, Mr. Buffett will be in Beijing to participate in the launch of BYD's new car and BYD's charity donation to Tibet, and interviewed by CCTV.　　Evening at the Gates Foundation charity dinner. The last leg of Buffett's trip to China is Changsha, Hunan. Changsha is BYD Electric bus production base. Buffett will be in Changsha to attend the BYD 10MW Energy storage power station signing ceremony, 1000 electric bus signing ceremony and the BYD Electric bus line ceremony, will also visit the Changsha BYD two.　　Then returned directly from Changsha.　　The focus is on electric cars, from what Mr. Buffett has seen in BYD, focusing on electric-vehicle-related projects such as BYD's battery-diaphragm paper workshop and electric-car charging stations.　　Buffett's shares in BYD, the main focus on BYD's future in the field of electric vehicle development prospects.　　As an oil-starved country and an emerging car powerhouse, the Chinese Government attaches great importance to the development of new energy vehicles, especially electric cars, and recently launched a series of preferential policies to support the development of electric vehicles.　　In addition to electric cars, BYD independent research and development of energy storage power plants, solar power plants and other new technologies, is also the focus of Buffett's study.　　Epcot, chief expert at the China Automotive Technology Research Center, said Mr. Buffett would reiterate his support for BYD during the visit and possibly increase the scale of investment in China's related fields. Buffett's strategic investment on BYD was on the eve of a visit by a countryThe foreign news agency issued a report that the US billionaire Warren Buffett is likely to sell his own stake in BYD.　　In response to the report, BYD 25th publicly said that the report lacks factual basis, we did not see Mr. Buffett has a sign to sell the company's shares. Mr. Buffett's China-US energy company, in 2008, wants to buy a 25% stake in a Hong Kong-listed BYD company. BYD did not agree that it was not short of money. BYD later agreed to Buffett's shares, but not more than 10%. At that time 10% BYD shares the market value of 230 million U.S. dollars, and Buffett's investment starting point is 500 million U.S. dollars.　　In the end, as a strategic investment, Mr. Buffett bought a 10% stake in BYD, a shareholder in BYD, at HK $1.8 billion (230 million US dollars).　　Two years in the past, Buffett's 10% stake in BYD's shares has risen to nearly 1.7 billion dollars. Buffett has been very concerned about the rapid development of BYD.　　He is confident of the team that BYD and Mr Wang are leading, and believes there will be a large number of Chinese technology companies like BYD emerging, and that China will be a preferred investment destination for international capital in the future.　　Epcot and believes that the invitation to visit BYD, the site visits, Buffett's impression of BYD will be further deepened, and BYD will further expand cooperation in the new energy sector, firmly on BYD's strategic investment. Sales and profits rose by more than 50% over a year earlier, according to BYD, the first half of the year. Auto business accounted for 53.58% of total turnover, becoming the main driver of BYD's growth.　　In that case, how could Mr. Buffett sell his stake in BYD? Mr. Buffett's start as a mobile-phone battery for BYD is a dark horse in China's auto industry, which has developed rapidly in recent years. In the traditional automotive sector, BYD has become among China's top ten passenger car manufacturers. In the field of new energy vehicles, BYD developed a car with lithium batteries, in the world's leading position. BYD developed the BYD plug-in hybrid car, in the world's earliest production and put into the market. BYD developed E6 pure electric vehicles, the range of up to 300 kilometers, creating the world's largest.　　It is widely believed that Buffett's visit to BYD will bring a significant bonus effect to BYD. On the eve of Mr Buffett's visit, the stock market in Hong Kong reacted positively ahead of the day, with the shares of BYD listed in the Hong Kong exchange rising more than 20%. Some analysts believe that with Mr. Buffett's successful visit to BYD, BYD's future in the new energy sector and Buffett to increase cooperation efforts will play a positive role in promoting.　　In the near future, it will actively promote the development of BYD's pure electric vehicles and energy storage power plants exported to the United States. RELATED LINKS Buffett trip to finalize every station will go to BYD "Shenzhen News" Buffett China's agenda has been formally finalized.　　Buffett's four-day trip to China included BYD in Beijing, Changsha and Shenzhen at three stops. Buffett first arrived in BYD yesterdayThe ministry is located in Shenzhen, participated in several BYD arranged activities. 29th, Buffett will be diverted to Beijing, to participate in BYD's acquisition of Zabuye Lithium 18% stake in the signing ceremony. BYD announced a 201 million yuan to the Tibetan mining industry to buy Tibet Shigatse Zabuye Lithium High-tech companies 18% stake.　　At the same time, Buffett will participate in BYD M6 in Beijing, the station listing ceremony.　　30th Changsha's activities are the last leg of Buffett's China trip, will visit the BYD Changsha bus base, and attend the line of electric bus ceremony. Investment Securities analyst Wangliucheng told our correspondent, Buffett as BYD's investors, using their own influence to raise the share price is normal, after China's trip, BYD's share price may be further enhanced.