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Buffett-backed BYD announces electric car partnership with...

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    Buffett-backed BYD announces electric car partnership with Toyota

    David Reid |
    Published 9:03 AM ET Thu, 7 Nov 2019 Updated 20 Hours Ago
    • Toyota Motor Corporation is to set up a joint venture with China's BYD Company.
    • The two companies want to design and build all-electric battery cars.
    • BYD is 25% owned by Warren Buffett's Berkshire Hathaway,
    A Toyota car assembly manufacturing line at Tianjin FAW Toyota Factory in Tianjin, China.
    Visual China Group | Getty Images
    A Toyota car assembly manufacturing line at Tianjin FAW Toyota Factory in Tianjin, China.

    The world's biggest seller of cars, Toyota Motor Corporation, is to set up a joint venture with China's BYD Company — a company quarter-owned by Warren Buffett's Berkshire Hathaway.

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