Is There an Even Better Asian Electric Vehicle Firm To Buy Than the One Warren Buffett Just Bought 10% Of?
Submitted by EnergyTechStocks.com
Warren Buffett surprised the investing world when he bought a 10% stake in Chinese electric vehicle developer BYD Company Ltd., but EnergyTechStocks.com readers already knew that BYD looked like it could be a winner. (See How Investors May Profit From China’s Eco-Crises (Part 1 of 2) – BYD Co.’s Unique Car Battery Strategy)
BYD isn’t the only Asian electric vehicle developer worth investors’ attention. Indeed, as EnergyTechStocks.com reported in July, one highly-regarded battery expert sees a number of Asian lithium-ion battery developers doing extremely well in a market that is currently $6 billion a year, experiencing double digit growth, and poised for even sharper growth thanks to the coming revolution in electrified transportation. This expert, Ralph J. Brodd, reportedly expects Japanese giants Toyota, Nissan and Sanyo all to do well. (See Investing in Lithium-ion Batteries Starting To Look Like Sure Thing - But Don’t Expect To Find U.S. Firms)
As EnergyTechStocks.com also reported in July, the U.S.’s Argonne National Laboratory has concluded that China is making “vast progress” in developing long-lasting lithium-ion batteries expected to power electric and plug-in hybrid electric vehicles (PHEVs). BYD was one of the firms highlighted in the report. Others included: Tianjin Lishen Battery Joint Stock Co.; Shenzhen BAK Battery Co. Ltd. and Shenzhen B&K Technology Co. Ltd. (See U.S. Government Report Indicates China Firms Will Be Among the Big Beneficiaries Of The Lithium-ion Revolution)
Mike Millikin of the authoritative web site Green Car Congress sees a number of other Japanese lithium-ion battery makers also doing well, including NEC Corp. and Matsushita, both of which are involved in joint ventures. (See Final Three Grades for Lithium-ion Battery Makers – Here Come the Japanese! - Part 3 of 3)
Then, too there is the Japanese firm GS Yuasa and the Korean firm LG Chem, which EnergyTechStocks.com has highlighted on a number of occasions. (See Wall Street Doesn’t Get It But You Can – Cash In On PHEVs With LG Chem, NEC, GS Yuasa - Part 2 of 4)
So while Warren Buffett clearly believes that BYD has a bright future, there are several other firms that may turn out to be good investments.
For more on electrified transportation, see:
There’s A Long List Of Companies That May Do Very Well If ‘Project Better Place’ Succeeds (Part 2 of 2)
