Baosteel, BYD co, Warren Buffet
posted on Nov 16, 2017 09:44AM
I already posted the strategic partnership between Baosteel and CCCI the buyer of Aecon.
But the below is also interesting..from 2010..
http://www.baosteel.com/group_en/contents/2863/39233.html
Baosteel Forges the Self-owned Brands together with BYD and GAIG[ 2010-05-24 ]
On May 20 and 21, chairman Xu Lejiang of Baosteel Group Corporation led a team to visit BYD Co., Ltd. and Guangzhou Automobile Industry Group Co., Ltd. (GAIG) respectively. Both parties pledged together to exert respective advantages and join hands to turn the dream of self-owned brands into reality.
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I bring this up now because....why ontario?
www.bloomberg.com/news/articles/2017-11-15/buffett-backed-byd-to-open-electric-truck-plant-in-canada
BYD Co., the Chinese electric-vehicle maker backed by Warren Buffett, plans to open its first assembly plant in Canada, anticipating a surge in demand for electric trucks from municipalities and businesses.
BYD, often described as China’s Tesla, will open the plant next year in Ontario and hire about 40 people to start, BYD Canada spokesman Ted Dowling said in a phone interview. The Shenzhen-based company has decided to “significantly” accelerate its investment in Canada as growing demand for electric vehicles and provincial tax incentives create a more welcoming environment than the U.S. in the short-term, he said.
