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Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker (www.bloomberg.com)

submitted 10 months ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 20 points 10 months ago (5 children)

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

[–] [email protected] 10 points 10 months ago (3 children)

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] -2 points 10 months ago (2 children)

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] 1 points 10 months ago

Is there history of this happening?

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