this post was submitted on 27 Dec 2023
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Chinese Carmaker Overtakes Tesla as World’s Most Popular EV Maker (www.bloomberg.com)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
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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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[–] WhatAmLemmy@lemmy.world 11 points 10 months ago (1 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...

[–] bionicjoey@lemmy.ca -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.

[–] maynarkh@feddit.nl 2 points 10 months ago

Not like that happens with US stocks.

[–] ademir@lemmy.eco.br 1 points 10 months ago

Is there history of this happening?