By Aug 31, 2009, 10:09 AM 

Warren Buffett intends to raise his stake in Chinese electric car and battery maker BYD Co. Ltd, BYD’s chairman said on Monday, sending shares in his company up 8%. MidAmerican Energy Holdings, a unit of Buffett’s Berkshire Hathaway (BRK-B), bought 10% of BYD for $230 million last September, sparking a massive rally in the stock.

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