BYD CEO Wang Chuan-Fu figured out how to make cheaper batteries than the Japanese by replacing machines with migrant workers.

Buffett, who is 78, was intrigued by Munger’s description of the entrepreneur behind BYD, a man named Wang Chuan-Fu, whom he had met through a mutual friend. „This guy,“ Munger tells Fortune, „is a combination of Thomas Edison and Jack Welch – something like Edison in solving technical problems, and something like Welch in getting done what he needs to do. I have never seen anything like it.“

RSS Trackback URL pmetzler | 22. April 2009 (11:24)

Electric cars

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  1. 1

    Yes, everyone is investing in Chinese economy, but I’m not sure why. This can cause new crisis.

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