Buffett-Backed BYD to Enter $450 Billion China Monorail Market

Updated on
  • Monorail to be next growth area after electric cars: Chairman
  • Several Chinese cities in talks with BYD about monorail

Wang Chuanfu.

Photographer: Qilai Shen/Bloomberg

BYD Co., the electric-car maker that counts Warren Buffett’s Berkshire Hathaway Inc. as a shareholder, is in talks with several of China’s smaller cities on building monorail systems to preempt traffic congestion spurred by rapid growth in automobile ownership.

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