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submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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[-] filister@lemmy.world 5 points 10 months ago

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

[-] Tosti@feddit.nl 21 points 10 months 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 11 points 10 months 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 -2 points 10 months 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.

[-] 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?

[-] Critical_Insight@feddit.uk -3 points 10 months ago

Atleast Musk and Tesla shareholders aren't commiting a genocide so the argument could be made that it indeed is less bad.

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this post was submitted on 27 Dec 2023
286 points (94.7% liked)

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