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Last Post: 10/24/2017 6:49:47 AM - Followers: 19 - Board type: Free - Posts Today: 0

www.BYD.com


MidAmerican and Berkshire Hathaway Announce Investment in BYD Company Limited Joint press conference -- Sept. 29, 2008, 4 p.m., at the Four Seasons Hotel -- Hong Kong, 8 Finance Street, Central, Hong Kong, China

HONG KONG, Sep 26, 2008 (BUSINESS WIRE) -- MidAmerican Energy Holdings Company,
a Berkshire Hathaway Inc. (NYSE:BRKA) (NYSE:BRKB) subsidiary, today announced it
has agreed to purchase 225 million shares, representing approximately a 10
percent interest, in BYD Company Limited (1211.hk). The investment is valued at
1.8 billion HK dollars, or approximately 230 million U.S. dollars. BYD's
corporate focus is researching, developing, manufacturing and selling
rechargeable batteries (Li-ion, Nickel batteries), automobiles, electric
automobiles and related products.

"We are thrilled to be partners with BYD and the people of China. Mr. Wang
Chuanfu has an extraordinary managerial record, and we welcome the opportunity
to work with him," said Warren E. Buffett, chairman and CEO of Berkshire
Hathaway Inc.

"MidAmerican is pleased to make an investment in BYD -- a high-caliber
organization, committed to making a dramatic environmental impact with their
products," said David Sokol, chairman of MidAmerican. "As worldwide discussions
relating to global climate change and environmental respect continue, the
technologies being developed by BYD will be an integral part of the future."

"We are extremely pleased and grateful that Berkshire Hathaway and MidAmerican
will be our long-term investor and partner, as we bring our electric vehicles
and other environmental protection measures to the global space," said Mr. Wang
Chuanfu, chairman of BYD Company Limited.

A joint press conference will be held Sept. 29, 2008, 4 p.m., at the Four
Seasons Hotel -- Hong Kong, 8 Finance Street, Central, Hong Kong, China.

Mr. Sokol and Mr. Wang Chuanfu will be available to respond to questions from
the media about the transaction.

About BYD Company Limited

Established in 1995, BYD Company Limited, a Hong Kong listed company since 2002,
primarily engaged in IT components and automobile and auto parts manufacture.
BYD has seven production bases in Guangdong, Beijing, Shanghai, and Xi'an with
nearly 10 million square meters area and with offices in the United States,
Europe, Japan, South Korea, India, Taiwan, Hong Kong and other regions. The
company has 130,000 employees worldwide. Information about BYD is available at
http://www.byd.com.cn.

About Berkshire Hathaway

Berkshire Hathaway, based in Omaha, Neb., and its subsidiaries engage in diverse
business activities including property and casualty insurance and reinsurance,
utilities and energy, finance, manufacturing, retailing and services.
Information about Berkshire Hathaway is available at
http://www.berkshirehathaway.com.

About MidAmerican Energy Holdings Company

MidAmerican Energy Holdings Company, based in Des Moines, Iowa, is a global
provider of energy services. Berkshire Hathaway owns 87.4 percent of
MidAmerican. Through its energy-related business platforms, MidAmerican provides
electric and natural gas service to more than 6.9 million customers worldwide.
These business platforms are Pacific Power, Rocky Mountain Power and PacifiCorp
Energy, which comprise PacifiCorp; MidAmerican Energy Company; CE Electric UK;
Northern Natural Gas Company; Kern River Gas Transmission Company; and
CalEnergy. Information about MidAmerican is available at www.midamerican.com.

SOURCE: MidAmerican Energy Holdings Company




CONTACT:
MidAmerican Energy Holdings Company
Sandra Mak, +852-90202703


JINZHOU CITY, China, Dec 29, 2008 /PRNewswire-Asia-FirstCall via COMTEX/ -- Wonder Auto Technology, Inc. (WATG) ("Wonder Auto" or the "Company"), a leading manufacturer of automotive electrical parts, suspension products and engine accessories in China, today announced that one of its subsidiaries, Jinzhou Halla Electrical Equipment Co., Ltd ("Jinzhou Halla"), has entered into development agreements with Shenzhen BYD Auto Company Limited ("Shenzhen BYD"). According to the development agreements, Jinzhou Halla will sign and develop starter and alternator prototypes for Shenzhen BYD, and sample deliveries will commence in March 2009 for road testing.
Shenzhen BYD is a sub-company affiliated to BYD Company Limited ("BYD"), a public company listed in Hong Kong stock exchange, and a leading car manufacturer in China. BYD's auto products include high-end, medium-end, and low-end cars and new energy vehicles such as Dual-Mode (a solely electric vehicle system and a hybrid power system) and pure electric cars.
"We believe BYD will play an important role in the future development of the automotive industry in China, especially in new alternative energy vehicles," Mr. Qingjie Zhao, chairman and CEO of Wonder Auto Technology, Inc. stated, "We are confident we will expand our customer base with such famous brand names as BYD even under the current recession, which will help maintain our sales growth momentum in the coming years."

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#217   consolidation successfully deepdj011 10/24/17 06:49:46 AM
#216   hi guys.. starteam003 09/26/17 07:12:29 AM
#215   China is banning traditional auto engines. Its aim: MWM 09/13/17 09:14:01 PM
#214   $BYDDF recent news/filings stocktrademan 06/04/15 03:20:38 PM
#213   a good article..BYD starteam003 04/02/14 07:14:21 AM
#212   can someone explain this? starteam003 03/27/14 07:05:02 AM
#211   more great news from BYD!!! starteam003 03/26/14 09:51:48 PM
#210   more great news from BYD!!! starteam003 03/26/14 09:50:12 PM
#209   more good news from BYD..sted Mar 24th 2014 10:00AM starteam003 03/24/14 09:30:48 PM
#208   warren buffett on BYD still bullish starteam003 03/24/14 09:23:43 PM
#207   Stack it & pack it - hold long Warren Bo Ba Buffett 03/17/14 03:37:39 PM
#206   Where are all those cars that are supposed TheBunny 10/16/13 02:31:29 AM
#205   ~ $BYDDF ~ Daily Par Sar Buy Signal Penny Roger$ 07/09/13 09:20:29 AM
#204   OMG 130% on this stock since 6 months MC euros 02/15/13 11:03:17 AM
#203   Hey you any good at sales? bluebird50 10/06/12 04:08:36 AM
#202   Price was about 1.95 before auto crash (5/28). cbo 08/04/12 02:34:10 PM
#201   BYD cleared in crash cbo 08/04/12 02:32:04 PM
#200   Buses to cbo 07/30/12 08:46:15 PM
#199   26th annual Electric Vehicle Symposium was last week. cbo 07/30/12 08:37:46 PM
#198   Bus to Utah cbo 07/30/12 08:29:41 PM
#197   Buses to Uruguay cbo 07/30/12 08:28:30 PM
#196   lots of volume in the last week. cbo 07/30/12 08:25:03 PM
#195   alright Im in. The run can begin cbo 07/30/12 09:44:06 AM
#194   GEEZ! $1.64 a share for something that Buffet cino 07/17/12 11:57:31 AM
#193   What happened to those cars that were expected TheBunny 04/01/12 04:16:45 PM
#192   The worlds first fully electric bus is coming zoobadooba 10/26/11 04:12:21 PM
#191   ok baby nice...byd in HK is 7% up ket1390 10/24/11 06:16:54 AM
#190   warren buffet invested $232 million in byddf some ket1390 10/22/11 05:19:04 AM
#188   the mother of byddf is trading in HK ket1390 10/22/11 05:15:08 AM
#187   a technical buy here at 1.80 support..we are ket1390 10/22/11 05:13:42 AM
#186   They are one of the largest battery producers zoobadooba 10/11/11 10:39:01 AM
#185   bloodbath. THe company is likely going to noretreat 09/22/11 03:31:28 PM
#184   >>Last time i looked at this it was TheBunny 09/22/11 03:05:32 PM
#183   Noretreat, you got that right. TheBunny 09/21/11 05:31:17 PM
#182   Last time i looked at this it was noretreat 09/16/11 03:59:58 PM
#181   bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&sy Gateway_Stocks 09/14/11 10:10:24 AM
#180   Shares look to be forming a base here Gateway_Stocks 09/14/11 09:49:00 AM
#179   BYD to layoff 70% of sales workforce. TheBunny 09/01/11 06:55:39 PM
#178   Nothing personal here to the bulls on this TheBunny 08/30/11 01:11:41 AM
#177   for some "media" research check this out... zoobadooba 07/26/11 11:12:34 PM
#176   Here is you problem. This is the difference zoobadooba 07/22/11 09:59:38 AM
#175   My reseach which was gathered using extensive news TheBunny 07/21/11 02:06:26 PM
#174   The research you did was all on the zoobadooba 07/18/11 03:33:59 PM
#173   >> This could drop to 3 bucks for TheBunny 07/17/11 02:51:53 PM
#172   >> I really havnt done an ounce of TheBunny 07/15/11 05:27:11 PM
#171   Ok im done talking with you. I really zoobadooba 07/13/11 11:16:51 AM
#170   'Decline'? Is this what you call it? $11.00 TheBunny 07/12/11 07:44:44 PM
#169   I agree some what on the decline but zoobadooba 07/12/11 09:21:39 AM
#168   >>are you basing you opinion on the electric TheBunny 07/11/11 04:26:48 PM
#167   are you basing you opinion on the electric zoobadooba 07/11/11 10:57:23 AM
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