Wednesday, August 25, 2010

Did Buffett buy into BYD for the auto? (old clip)



From BYD's 2010 1st half report

As an important part of the “Silicon-Iron” strategy of the Group, the energy storage station business also made a major breakthrough during the period. By leveraging on the supporting policies of the State on new energy development, the Group actively participated in new energy projects associated with such policies, including the construction and demonstration operation of solar power stations and energy storage stations. During the Period, two 100KW energy storage stations in Beijing and Shanghai were delivered for use and put into demonstration operation. As for the Wind-PV Energy Storage and Transmission Project with China Electric Power Research Institute, relevant contracts have been signed and delivery of batteries and other related equipment have started. Further, the Group had a number of Megawatt-class energy storage station projects in bidding stage. During the Period, the Group collaborated with renowned overseas residential property developers by installing BYD household energy system for their property developments, which may, through a solar power generation system and together with an energy storage station, achieve complete independence of household energy to power grid systems.

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