The two companies want to design and build all-electric battery cars.A Toyota car assembly manufacturing line at Tianjin FAW Toyota Factory in Tianjin, China.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.that they would each invest 50% of the capital needed to set up a joint venture which designs and develops battery-electric cars.
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.BYD is a Chinese manufacturer that was formed in 1995 as a seller of batteries. of automobiles, battery-powered bicycles, buses, batteries, and trucks.
Question can electric vehicles ever be profitable and cost effect without govt. subsidized help. Which means my tax money?
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