China EV Race: How BYD Grew from Elon Musk's Ridicule to Berkshire Hathaway's "Ridiculous" US$98 Billion Success In 12 years

15 Apr 2023 | Abstracted from SCMP

"Investors who followed Berkshire Hathaway's 2008 investment in BYD also laughed their way to the bank, as the stock’s value has soared 40-fold since Berkshire's vice-chairman Charlie Munger decided to back the then little-known company...BYD is now worth HK$766.68 billion (US$98 billion), almost the value of General Motors and Ford Motor combined..delivered 1.86 million fully electric and plug-in hybrid automobiles in 2022.

"That outsold Tesla?s 1.31 million cars by 42 per cent and cemented BYD?s position as the world?s No. 1 producer of electric vehicles."

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