1 Chinese Stock to Buy Hand Over Fist
Chinese automakers have gone from incompetent to unstoppable in essentially two decades. Years ago, foreign automakers were forced to partner with domestic automakers in joint ventures to enter the Chinese market, and with the government's focus on increasing their competitiveness in batteries and electric vehicle technology, they have surged ahead in advancements and affordability.One of the few to see this coming was apparently Warren Buffett, who was an early investor in the leading Chinese automaker BYD. Let's look at why -- and what opportunity lies ahead from here.BYD may not be a household name in the U.S. market, as the company doesn't sell vehicles here currently, but it's taken the world by storm in recent years. When most investors think of electric vehicle (EV) stocks, their mind first goes to Tesla. That's fair, as Tesla essentially changed the game when it brought EVs mainstream. But BYD has quickly caught up to the competition, and in many ways has surpassed its rival.Continue reading
Chinese automakers have gone from incompetent to unstoppable in essentially two decades. Years ago, foreign automakers were forced to partner with domestic automakers in joint ventures to enter the Chinese market, and with the government's focus on increasing their competitiveness in batteries and electric vehicle technology, they have surged ahead in advancements and affordability.
One of the few to see this coming was apparently Warren Buffett, who was an early investor in the leading Chinese automaker BYD. Let's look at why -- and what opportunity lies ahead from here.
BYD may not be a household name in the U.S. market, as the company doesn't sell vehicles here currently, but it's taken the world by storm in recent years. When most investors think of electric vehicle (EV) stocks, their mind first goes to Tesla. That's fair, as Tesla essentially changed the game when it brought EVs mainstream. But BYD has quickly caught up to the competition, and in many ways has surpassed its rival.
