Report: Chinese Cars Arriving in U.S. in 2015
A Chinese automaker backed in part by Warren Buffett's Berkshire Hathaway Inc. plans to introduce four models in the U.S. toward the end of 2015.
A BYD Co. executive revealed the automaker's plans during an interview with Bloomberg News. Stella Li, the senior vice presidenr of BYD's U.S. business, said the company will be better prepared than it was during a failed 2010 attempt to enter the U.S.
MidAmerican Energy Holdings Co., a Berkshire Hathaway unit, bought a 9.9% stake of BYD in 2009. BYD currently sells electric buses to fleet operators in the U.S.