BACK in 2008, the legendary US investor Warren Buffett bought a sizeable stake in an obscure Chinese carmaker called BYD.
The move was greeted with scepticism by some, with downright disbelief by others. However, in the years since, BYD, a specialist manufacturer of electric cars, has seen a boom in its share price, and become the global market leader in environmentally friendly motoring.
Warren’s critics had to eat their hats, while he laughed all the way to the bank – but the story has an important lesson: it proved that investing in renewable technologies can pay off, and pay off handsomely.
Full article here