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BYD …

BYD Co., the Chinese electric-carmaker backed by Warren Buffett, said it is now the world’s biggest face-mask maker after starting production less than a … The quick switch from one product to another underscores China’s strength as a manufacturing powerhouse and highlights the urgency with which companies are trying to stop the deadly virus from paralyzing operations.

Investors are hot for China's answer to Tesla. BYD’s mask-production line is 90% made of in-house parts The company can make 5 million masks a day and is further expanding capacity, it said Friday in a statement. Carmaker has built up capacity to make 5 million masks a day 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. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. Founder Wang Chuanfu led a team of 3,000 engineers to build production lines from scratch using 90% in-house components.

Shenzhen-based BYD, which is backed by U.S. investor Warren Buffett, said it would supply EV components including batteries and power management devices.

of automobiles, battery-powered bicycles, buses, batteries, and trucks.Investor Warren Buffett made a big bet on the firm by taking a 24.6% stake in 2008. On Sept. 27, 2008, MidAmerican Energy, controlled by Buffett’s holding company Berkshire Hathaway, announced it was putting $230 million (paywall) into China’s BYD, paying about HK$8 a … BYD, the electric vehicle maker backed by Warren Buffett…

Shares of BYD (), a Chinese battery and electric car maker in which Warren Buffett is a major investor, have risen 55% over the past month.

BYD had all the advantages of an electric-car pioneer in the world’s largest auto market. A double-decker electric bus on display at BYD's factory in Lancaster, California, on Oct. 6, 2017.

At the same time, Toyota said it would partner with BYD for supplies of batteries.Got a confidential news tip? For example, Wang, who founded BYD as a mobile-phone battery maker in 1995, has built up a diversified business that spans from electric vehicles, EV batteries, monorail development, and semiconductors to now protective supplies such as face masks and disinfectants.Guangzhou Automobile Group Co., petroleum giant Sinopec and iPhone assembler Foxconn are among those now producing masks.

The investment is estimated to have netted Berkshire Hathaway more than a billion dollars over the last decade.Toyota is a Japanese automotive manufacturer that, as of 2017 data, makes and sells more motor vehicles around the world than any other automaker.

Forbes via Alan Ohnsman. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.A Toyota car assembly manufacturing line at Tianjin FAW Toyota Factory in Tianjin, China.Warren Buffett, chairman of Berkshire Hathaway Inc., pauses as he attends a BYD news conference in Changsha, Hunan province, China, on Thursday, Sept. 30, 2010.Sustainable investment funds just surpassed $1 trillion for the first time on recordIn Colombia, 'climate-smart' villages show how the future of farming could lookGeothermal project in England secures funding to help pilot lithium-extraction technology

When Berkshire Hathaway () CEO Warren Buffett took a 10% interest in Chinese electric vehicle maker BYD in 2008, he probably didn't envision how the company would be making money today.

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.No details about the total value of the venture were released.In the statement, Toyota executive vice president, Shigeki Terashi, said the company had "the same goal to further promote the widespread use of electrified vehicles. Chinese electric car maker BYD Co. plans to fund global expansion through an IPO BYD didn’t specify what type of masks it makes.Demand for masks and hand sanitizer skyrocketed as the virus broke out, creating shortages and prompting industrial companies It wasn’t immediately clear how BYD’s production numbers compare with others in the industry. By revenue, it is estimated to be the world's sixth-largest company.The Tokyo-headquartered firm said earlier this year that it aimed to get half of its global auto sales from electric vehicles by 2025. Not bad, based on a bet Warren Buffett made a decade ago.

Shares in what is now China’s biggest maker of alternative-energy vehicles have soared more than 500% since 2008.

"BYD is a Chinese manufacturer that was formed in 1995 as a seller of batteries.

Data is a real-time snapshot *Data is delayed at least 15 minutes.