Core Viewpoint - The article discusses the significant investment by Warren Buffett in BYD, highlighting the visionary leadership of Wang Chuanfu and the company's innovative approach in the electric vehicle and battery industry [2][4][10]. Group 1: Investment Background - In 2008, BYD became the second Chinese company to receive investment from Warren Buffett after China National Petroleum [2]. - The investment story began in 2000 when Li Lu, founder of Himalaya Capital, discovered BYD's potential while reading a technology magazine [2]. - BYD went public in 2002, and Li Lu met Wang Chuanfu, impressed by his innovative thinking and approach to battery production [2][3]. Group 2: Investment Decision - Charlie Munger, a key figure in convincing Buffett to invest, compared BYD's achievements to those of historical figures like Thomas Edison and Jack Welch, emphasizing Wang's capabilities [4][5]. - Buffett initially hesitated to invest $500 million for a 20% stake due to concerns about equity dilution but later agreed to a different investment structure [5][6]. - On September 26, 2008, Berkshire Hathaway's subsidiary, China-U.S. Energy, agreed to purchase approximately 9.89% of BYD for HKD 1.8 billion (about USD 230 million) [6][8]. Group 3: Long-term Commitment - From 2008 to 2022, Buffett and Munger did not sell their BYD shares, indicating strong confidence in the company's future [8]. - Buffett praised Wang Chuanfu for his intelligence and ability to turn ideas into reality, while Munger referred to him as a "genius" and a "natural engineer" [8][10]. - The investment occurred during the global financial crisis, highlighting BYD's resilience and strategic positioning in the market [10]. Group 4: Vision and Future - Wang Chuanfu's ambition to make BYD a leading global automotive manufacturer by 2025 reflects his visionary leadership [12][13]. - Li Lu noted that BYD's success is a result of hard work, seizing opportunities, and the support of favorable national policies [13]. - The article concludes with Li Lu's sentiment that BYD shares are "non-saleable" for him, indicating a strong belief in the company's long-term potential [13].