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PHOTO CAPTION: BYD Found Wang with David Sokol at 2009 Detroit auto show. Photo credit: EV World.com

Sokol Plugs Investment in Electric Cars

Chairman of MidAmerican Holdings speaks of his firm's $232 million investment in Chinese electric carmaker BYD.

Published: 20-Jan-2009

By Steve Jordan

Berkshire Hathaway Inc. has a $232 million bet on an 11-year-old Chinese company, BYD Co., and Omahan David Sokol was in Detroit to help the odds.

He and Wang Chua-Fu, chairman of BYD Co., which stands for "Build Your Dreams,' touted the company's planned introduction of a plug-in electric car by 2011 using the battery technology that attracted Warren Buffett's investment.

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