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Zenger
Zenger
Anan Ashraf

Warren Buffett-Backed BYD Becomes 1st Automaker To Make 5M NEVs

Warren Buffett, Chairperson and CEO of Berkshire Hathaway at the Allen & Company Sun Valley Conference on July 13, 2023, in Sun Valley, Idaho.  BYD Co Ltd announced that it stopped production of oil-fueled vehicles in April last year. It is backed by Warren Buffett’s Berkshire Hathaway. KEVIN DIETSCH/GETTY IMAGES.

Chinese EV giant BYD Co Ltd (OTCPK: BYDDY) (OTCPK: BYDDF) said on Wednesday that it has produced its 5 millionth new energy vehicle.

“Today, BYD’s 5 millionth new energy vehicle rolls off the production line,” said Chairperson and President Wang Chuanfu. Chuanfu thanked customers, partners, and the company’s 600,000 employees and added that BYD is the first automaker globally to achieve such a milestone.

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