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.

    • Tosti@feddit.nl
      link
      fedilink
      English
      arrow-up
      20
      arrow-down
      1
      ·
      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.

      • WhatAmLemmy@lemmy.world
        link
        fedilink
        English
        arrow-up
        10
        ·
        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…

        • bionicjoey@lemmy.ca
          link
          fedilink
          English
          arrow-up
          2
          arrow-down
          3
          ·
          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.

      • Critical_Insight@feddit.uk
        link
        fedilink
        English
        arrow-up
        4
        arrow-down
        6
        ·
        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.