Are you ready to buy Warren Buffett's Chinese car?
You might get your chance before long.
BYD Auto is a Chinese automaker that is partially owned by Warren Buffett's Berkshire Hathaway (NYSE: BRK-B). For several years now, BYD has been talking optimistically about its plans to export Chinese-made cars to the United States. Now, the company is saying that it will begin offering its cars to Americans by the end of 2015.
BYD has done some intriguing work with hybrids and electric cars. But BYD has a long history of optimistic predictions, and the company has had a rough time staying competitive even in its home market. But the Berkshire Hathaway investment has given the company some global cred. Is it time to take them seriously?
As Fool contributor John Rosevear explains in this short video, it's one thing to compete with other Chinese domestic automakers at the low end of China's huge auto market, another thing entirely to compete with the world's best on the merits. But that's what BYD says it's going to do: Does it have a chance?
Would you buy a Chinese-made car? Check out John's report in the short video below. Then, scroll down to leave a comment and share your view.
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WHAT MOST AMERICANS THINK OF A CHINESE CAR IS LIKE.
HERE'S ANOTHER CHINESE CAR...
HOWEVER THERE IS NO EVIDENCE THAT THE CHINESE CARS WILL BE THIS WAY.