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.

  • @filisterEnglish
    5•1 year ago

    And still their shares are just a fraction of Tesla’s share price.

    • @[email protected]English
      21•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.

      • @WhatAmLemmyEnglish
        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…

        • @[email protected]English
          -2•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.

      • @[email protected]English
        -3•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.