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.

    • Tosti@feddit.nlEnglish
      201·
      1 year ago

      Company is beholden to the Chinese government, apparently that is worse than beholden to a manchid and a group of ultrarich shareholders.

      • WhatAmLemmy@lemmy.worldEnglish
        11·
        1 year 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…

        • bionicjoey@lemmy.caEnglish
          24·
          1 year 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.

      • Critical_Insight@feddit.ukEnglish
        47·
        1 year ago

        Atleast Musk and Tesla shareholders aren’t commiting a genocide so the argument could be made that it indeed is less bad.