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CNN Business ’ - 1 Warren Buffett - 1 Tesla - 1 Musk - 1 BYD - 1
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CNN Business - 1 New York CNN - 1 Elon - 1 Toyota - 1 Wall Street - 1 Volkswagen - 1 Toyota Prius - 1 Bloomberg - 1

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☆ Elon Musk once mocked China’s BYD. Now it’s running circles around Tesla
  + stars: | 2024-05-30 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
New York CNN —The most important carmaker in the world right now is the Chinese-owned, Warren Buffett-backed company that has Elon Musk in a pickle. That’s 1,300 miles in one go — hundreds of miles beyond the standard ranges for other hybrids on the market. One: Tesla is America’s best-selling EV, but it’s losing market share overseas to foreign competitors that can make their cars cheaper. China is the world’s biggest auto market, and BYD is its top seller, surpassing Volkswagen last year. In that exchange, Musk responds to an honest question about BYD rivaling Tesla with a smug laugh.
Persons: CNN Business ’, Warren Buffett, Tesla, Musk, BYD Organizations: CNN Business, New York CNN, Elon, Toyota, Wall Street, Volkswagen, Toyota Prius, Bloomberg Locations: New York, Miami, BYD’s Hong Kong, China, United States
☆ BYD and Great Wall feud portends potholes ahead
  + stars: | 2023-05-25 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, May 25 (Reuters Breakingviews) - China’s Great Wall Motor (601633.SS) has made a rare public allegation that BYD’s (002594.SZ), (1211.HK) Qin Plus and Song Plus hybrid models do not meet emissions standards in the country. Thursday’s accusations sent BYD’s Hong Kong-listed shares down 5.4%, but the whistleblower’s own stock fell 7.3% by market close. BYD is currently the world’s best-selling electric-car marque per Bernstein, and it sold nearly 15,000 electric passenger cars outside China in the year to April. As for Great Wall, some 73,789 of its cars, representing nearly a quarter of its sales, were overseas in the same period. If the mud Great Wall slings ends up sticking, the global image of Chinese auto brands could get stained just as they expand into global markets.
☆ Berkshire Hathaway: Warren Buffett further unwinds BYD investment in China
  + stars: | 2022-11-23 | by ( Laura He | ) edition.cnn.com   time to read: +2 min
It’s the fifth major share sale by Berkshire (BERK) of BYD shares disclosed since August, according to public records. Before the first deal was disclosed in August, Berkshire had held 225 million shares of BYD for 14 years. The US conglomerate first bought BYD shares at an average of HK$8 ($1.02) apiece in 2008, with an investment of $230 million. Back then, BYD shares had fallen to a record low during the global financial crisis. Based on the latest exchange filing, the conglomerate has dumped more than 49 million BYD shares in the past four months.
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