MidAmerican and Berkshire Hathaway Announce Investment in BYD Company Limited

HONG KONG–(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
Source: Business Wire

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