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Kandi Technologies Group, Inc. Message Board

  • wtblanch5 wtblanch5 Mar 18, 2011 11:04 PM Flag

    Interesting Buffet/BYD/China Auto article

    Special Report: Warren Buffett's China car deal could backfire

    Reuters | 09 Mar 2011 | 11:02 AM ET

    By Ben Berkowitz, Kevin Krolicki and Lee Chyen Yee

    http://classic.cnbc.com/id/41988344/print/1/displaymode/1098/

    Interesting take/"hatchhet job" on the "rough and tumble" Chinese Auto Biz with a little Wikileaks kicker.

    Sample:

    "Among the concerns raised by potential BYD partners: auto suppliers complained that BYD's strategy of making everything on its cars amounted to a bid to steal their technology, according to a consultant who was brought in to study BYD as established automakers kicked its tires.

    BYD, U.S. suppliers complained, would ask for an initial order of parts like door panels, then drop the business, reverse engineer the part and use it on upcoming models"

    It's clear (if the article is completely true) they have no problem in ripping off Western Auto makers. So I have to ask, what's to make us really believe they wouldn't rip off anyone in country? Should we really put much faith in KNDI's patents?

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