From the AP via the New York Times:
Chinese battery and autos maker BYD Co. said Friday it has agreed to buy an 18 percent stake in a Tibetan-based lithium and boron miner, moving to secure a strategically vital asset for its future growth.
BYD will pay 201.2 million yuan ($30 million) for its stake in Tibet Shigatse Zhabuye Lithium High-Tech Co., with Tibet Jinhao Investment Co. taking a 4 percent stake and BYD 18 percent, BYD said in a statement to the Hong Kong Stock Exchange.
...BYD, which stands for Build Your Dreams, has backing from billionaire investor Warren Buffett, whose MidAmerican Energy Holdings Co., the utility division of his Omaha, Neb.-based flagship Berkshire Hathaway, has a 9.9 percent stake in the Hong Kong-traded company....MORE
