When Chinese EV giant BYD broke into the global consciousness, media reports focused on one thing in particular: its backing from Warren Buffett. Berkshire Hathaway invested about $230 million in BYD in 2008, with Buffett’s longtime partner Charlie Munger calling BYD’s founder a “combination of Thomas Edison and Jack Welch.”
But the days of calling BYD a “Buffett-backed” company may soon be coming to a close.
