Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.

Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker::Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles.

  • WhatAmLemmy@lemmy.worldEnglish
    11·
    11 months ago

    Rather ironically, BYD is probably closer to the “value investing” (realistic) value than most hyper-inflated western stocks, which completely decoupled from reality a long time ago…

    • bionicjoeyEnglish
      24·
      11 months ago

      Regardless of value sentiment, I’d never consider investing in a Chinese stock. Too much risk that the CCP makes some big overnight change that torpedoes the price.