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BERKSHIRE HATHAWAY INC.

(BRK.A)
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BYD gains permission to sell e-buses to EU

01/07/2013 | 05:20am EDT

BEIJING (Reuters) - BYD Co Ltd <002594.SZ><1211.HK>, a Chinese carmaker backed by billionaire investor Warren Buffett, said on Monday it had gained official permission to sell its electric buses in all European Union member states.

The "Whole Vehicle Type Approval" granted by EU - which came weeks after BYD announced its plan to build electric buses in Bulgaria with a local partner - marked its latest effort to tap green vehicle potentials overseas.

BYD has been promoting its electric vehicles in the Netherlands, Finland, Denmark, Canada, Uruguay and the United States among others.

Its Bulgarian plant, capable of building 40-60 vehicles each month, is expected to deliver its first sample electric bus in February, according to the official Xinhua news agency.

In October 2012, BYD secured an order of 50 electric cars from London cab service provider greentomatocars.

(Reporting by Fang Yan in BEIJING and Kazunori Takada in SHANGHAI; Editing by Ron Popeski)


© Reuters 2013
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Analyst Recommendations on BERKSHIRE HATHAWAY INC.
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Financials (USD)
Sales 2021 272 B - -
Net income 2021 16 287 M - -
Net cash 2021 1 101 M - -
P/E ratio 2021 41,1x
Yield 2021 -
Capitalization 655 B 655 B -
EV / Sales 2021 2,41x
EV / Sales 2022 2,20x
Nbr of Employees 360 000
Free-Float 75,1%
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Technical analysis trends BERKSHIRE HATHAWAY INC.
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 435 722,00 $
Average target price 486 000,00 $
Spread / Average Target 11,5%
EPS Revisions
Managers and Directors
Warren Edward Buffett Chairman & Chief Executive Officer
Marc D. Hamburg Chief Financial Officer, Secretary & Senior VP
David Sanford Gottesman Independent Director
Walter Scott Independent Director
Charlotte M. Guyman Independent Director
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