BYD’s Battery Technology May Face Challenges

Planar Energy, a Florida based company is planning to complete a pilot production line that will print lithium-ion batteries onto sheets of metal or plastic in a process similar to a producing newsprint. Read this article for more details.

Reports of Buffett Dumping Stake in BYD Lack Credibility

Several media reports have appeared today suggesting that Warren Buffett’s visit to China next week may be due to concerns regarding Berkshire Hathaway’s investment in BYD.  Most of the reports cite a Reuters article which seems quite unconvincing.  While BYD

BYD Faces Trouble Over China Land-Use Violation

BYD has encountered a few rough patches lately with cuts to its sales target for 2010 and second quarter profits that were significantly below consensus estimates. These developments have resulted in a sharp drop in BYD’s share price with the ADRs falling close to 52 week lows. Adding to the negative news, Bloomberg reports that China’s Ministry of Land and Resources has accused BYD of illegally building seven factories on 112 acres of farmland that was zoned for agricultural use. The government will make a decision regarding the punishment for the company prior to the end of September. Read this article for more details.

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