[Levin]

Peggy Sito in Hong Kong
and Daniel Ren in Shanghai
Published: 11:43pm, 5 Jul, 2022


BYD, the Chinese carmaker backed by Warren Buffett’s Berkshire Hathaway, has overtaken Elon Musk’s Tesla as the world’s biggest electric vehicle producer by number of vehicles sold


https://www.scmp.com/business/china-busi...t-electric

[sgbuffett]

It doesn't even stop there.
BYD controls key battery and IGBT tech that Tesla does not have.

It's manufacturing cost is 40% lower due to better process.

Only thing Tesla has is auto pilot but mobileye and Baidu are already ahead of Tesla and will license this to car makers.

So basically Tesla has no technology lead.
It only has cheer leaders to push up the stock.

When I evaluated EV market 1+yrs ago I picked BYD over tesla for long term.