
By John Kiguru April 7th, 2021
BYD was set up in 2003 and caught American billionaire Warren Buffett’s eye in 2008. Through Berkshire Hathaway, he reportedly has a 25% stake in the Hong Kong-listed company.
NIO is an automotive company that designs and develops electric autonomous vehicles.
NIO is a Chinese automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. The company is also involved in the FIA Formula E Championship, the first single-seater, all-electric racing series.
BYD was set up in 2003 and caught American billionaire Warren Buffett’s eye in 2008. Through Berkshire Hathaway, he reportedly has a 25% stake in the Hong Kong-listed company.
Nio has recorded impressive results in auto production in the past two quarters. But the current halt may be risky for the performance of the company.
Nio, Li Auto and Xpeng have all announced an increase in their delivery rate for 2020.