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BYD's Wang Chuan Fu: Rising Yuan Possible Roadblock for BYD

November 12, 2010 | About:

In an exclusive interview, BYD's chairman Wang Chuan Fu, tells CNBC's Christine Tan that it's important the government adopts a policy of "gradual" appreciation of the yuan so that mainland exporters are able to digest the pressure brought on by the currency rising.

In 2008, Warren Buffett's Berkshire Hathaway bought 10 percent stake in BYD, a Chinese battery and electric car maker for $230 million. Buffett’s shares translate to about $1.4 billion in today’s prices.

BYD is traded in HongKong stock exchange. US investors can buy shares on pink sheets under the symbols of “BYDDF” and “BYDDY”.

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