Does anyone have a good article/vid behind the BYD story? I’ve only heard of them this year and now they’re everywhere (outselling many makers here in Brazil too).
Warren Buffet rates the CEO as the second best CEO in the world (after Jeff Bezos) and invested in 2008:
>BYD (for “Build Your Dreams”) is a Chinese manufacturer of automobiles and batteries that is building electric bus fleets and monorails for cities around the world. Berkshire Hathaway bought a large stake in the country in 2008. Wang, a trained chemist and the company’s low-key founder, is worth about U.S.$5.5 billion.
> Charlie Munger, Buffett’s long-time business partner and Berkshire Hathaway’s vice chairman, first suggested investing in BYD, Buffett told Quick. “Charlie called me one day and says, ‘We’ve got to buy BYD. This guy runs it better than Thomas Edison.’ And I said, ‘That isn’t good enough.’ And he called a little later and said, ‘He’s a combination of Edison and Bill Gates.’ And I said, ‘Well, you’re warming up but it still isn’t good enough.'”
> Eventually, Munger’s view prevailed. “Now it’s worked out so well that I’m actually starting to remember that it was my idea,” Buffett said. Of Wang, he added, “He’s got big, big ideas and he’s very good at executing.”
From what I know, they started as a battery manufacturer and entered the car market by purchasing a small car manufacturer. I'll see if I can find a good article.
I thought fake news was mostly a right wing thing until I saw fake news about Musk and Tesla perpetuate among allegedly smarter liberals, the whole emerald mine thing being a great example. It changed how I was going to vote because I cannot stand fake news based on agendas.
It's fake news plus the hypocrisy on climate change, with folks willing to make it worse by spreading FUD about electric cars just because someone they don't like is associated with them. That's how my ideals on climate change changed, can't help folks that won't help themselves. It's not worth any sacrifices on my end. Not to mention promoting CCP companies over US ones for the same reason.
