MidAmerican, a unit of Buffett's Berkshire Hathaway Inc., said on Sept. 27 it agreed to invest HK$1.8 billion ($232 million) to buy about 10 percent of BYD Co., citing the parent's focus on environmental products. The U.S. billionaire was attracted by the Shenzhen, south China-based company's ``strong position'' in the development of batteries used in electric vehicles, according to JPMorgan Chase & Co. analyst Charles Guo.Battery technology is key to breaking the old "efficiency vs road performance" trade-off for electric cars. Buffet's bet signifies a major upheaval in the automotive industry and around it: car design, infrastructure, oil consumption, services, electricity generation, and etc. This is also a very good indicator that global warming can and will be avoided.
I use this blog to gather information and thoughts about invention and innovation, the subjects I've been teaching at Stanford University Continuing Studies Program since 2005. The current course is Principles of Invention and Innovation (Summer '17). Our book "Scalable Innovation" is now available on Amazon http://www.amazon.com/Scalable-Innovation-Inventors-Entrepreneurs-Professionals/dp/1466590971/
Sunday, September 28, 2008
Technology-Market revolution as it happens
bloomberg.com reports:
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