Buffett announces electric car partnership with Toyota

The short version:

. 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.

Warren Buffett has announced an electric car partnership with Toyota. All car companies are now trying to partner with others in a joint approach to cut down pollution by switching from fuel powered cars to electric cars, and this is a proof of the same. All the car companies are now realizing that the future of the automobile industry is in electric cars, so, the sooner they realize what they future is calling for the better. From all the events that were and are going on, the picture to the exact future of the automobile industry can be seen being painted stroke by stroke.

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