Build Your Doghouse

Bertel Schmitt
by Bertel Schmitt

BYD hasn’t been doing so well for months. BYD’s August sales dropped 5.9 percent from previous month and 19 percent from a year earlier, Reuters says. Just a few days ago, BYD blamed force majeure for its misfortunes: Seasonal factors, floods and mudslides had impacted sales, they said.

The company is 10 percent owned by Buffett’s Berkshire Hathaway. Now, Warren Buffet himself will come on an inspection tour. Buffet will visit BYD’s plats in Shenzhen, Beijing and Changsha at the end of this month, says Gasgoo.

The Oracle of Omaha will pay a visit to BYD’s electric sedan plant in Shenzhen and the electric bus production in Changsha. And maybe he’ll inspect the books. The Hong Kong listed company is preparing a listing of Yuan denominated A-shares in Shenzhen. Should have done it earlier.

Bertel Schmitt
Bertel Schmitt

Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href=""> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href=""> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.

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