Will Buffett Sell It Before Xi Steals it?

"China electric vehicle leader BYD today added its name to a list of makers in the country to report a big increase in business in December and cap a year of rapid growth.

BYD, the Shenzhen-headquartered vehicle and battery maker backed by Warren Buffett’s Berkshire Hathaway, said on Monday sales of new energy vehicles more than tripled in September to 93,945 compared with 28,841 a year earlier. For all of 2021, it sold 603,782 new energy vehicles, compared with new 189,689 in 2020, an increase of 218% from a year earlier, the company said in an announcement.

Earlier this month, BYD domestic rivals XPeng – backed by Alibaba, NIO – backed by Tencent, and Li Auto all reported big increases in December and full-year deliveries in China, the world’s largest auto market and second-largest economy (see related post here)."