No. of Recommendations: 1
Berkshire first invested in BYD in 2008. Berkshire Hathaway has been gradually reducing its BYD holdings since 2022, and as of mid-2024, their stake is below 5%, according to MarketWatch and Fortune.
The following was Chrome's AI's view when I asked the mirror "Who's the most beautiful":
China's BYD has surpassed Tesla to become the world's largest EV manufacturer. In 2024, BYD produced 1.777 million EVs, while Tesla produced 1.773 million. This shift is due to BYD's focus on affordability, aggressive pricing, and a wider range of offerings, including hybrid vehicles, which have resonated with a broader consumer base.
Here's a more detailed look at the situation:
BYD's Rise:
Affordability and Value:
BYD has focused on making EVs more accessible to a wider range of consumers through aggressive pricing and competitive value propositions.
Hybrid Offerings:
BYD's expansion into hybrid vehicles has broadened its appeal beyond pure electric vehicles.
Government Support:
BYD has benefited from significant government support in China, particularly in terms of subsidies and incentives.
Vertical Integration:
BYD's extensive in-house manufacturing, including its own batteries, has helped it to control costs and maintain a competitive edge.
Tesla's Challenges:
Slowing Growth:
Tesla's sales growth has slowed down in key markets like the U.S. and China.
Price Wars:
Tesla has been forced to cut prices to compete with other EV manufacturers, impacting its profit margins.
Increased Competition:
The EV market is becoming increasingly competitive, with more automakers offering a wider variety of models at competitive prices.
Backlash:
Some consumers have expressed concerns about Tesla's CEO, Elon Musk, and his political stances, which may have affected brand perception and sales.
Jeff
