>>9701140 LB
>California Governor Gavin Newsom recently signed a billion-dollar contract to import respirators from a Chinese company widely known for making faulty products.
>BYD, which primarily manufactures electric vehicles, has no history whatsoever of making respirators or masks. According to health and safety experts, the company is notorious for supplying broken or faulty equipment to the United States, has deep ties to the Communist Party, and is suspected of using forced labor.
Uncle Warren strikes again. How bout those bricks bitch?
https://qz.com/1083571/nine-years-ago-warren-buffett-put-a-bet-on-byd-then-an-unknown-chinese-cellphone-battery-maker/
Nine years ago this week, as stocks were tanking in the global financial recession, Warren Buffett put money into a little-known mobile phone battery maker in Shenzhen. This year, with China making it clearer than ever that fossil-fuel cars aren’t going to be welcome for long, that bet is doing better than it’s done in a while.
On Sept. 27, 2008, MidAmerican Energy, controlled by Buffett’s holding company Berkshire Hathaway, announced it was putting $230 million (paywall) into China’s BYD, paying about HK$8 a share (a little over US$1). Back then, BYD, which started out in 1995, was just on the verge of getting into selling electric vehicles. It’s now China’s biggest seller of electric vehicles and saw its stock price increase nearly 60% this year, sending the value of MidAmerican Energy’s stake to about $1.9 billion as of Monday’s closing price.
https://www.cnbc.com/2019/11/07/buffett-backed-byd-signs-up-to-electric-car-partnership-with-toyota.html
Nov 7, 2019 The world's biggest seller of cars, Toyota Motor Corporation, is to set up a joint venture with China's BYD Company — a company quarter-owned by Warren Buffett's Berkshire Hathaway.
https://www.bloomberg.com/news/articles/2020-04-29/buffett-backed-byd-predicts-profit-rebound-on-electric-car-sales
Apr 29, 2020 BYD Co., the Chinese electric-vehicle maker backed by Warren Buffett, predicted a rebound in profit as an easing in the coronavirus outbreak revives demand in the world's largest car market.