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China floods Brazil with cheap EVs triggering backlash.
China's BYD Shenzhen, the world's largest car-carrying ship, made its maiden voyage to Brazil
Brazil has become a top target for Chinese EV exports, according to shipping data
Industry groups want Brazil to raise tariffs to protect its auto industry
Chinese automakers have pledged to build local factories in Brazil
China floods Brazil with cheap EVs triggering backlash.
China's BYD Shenzhen, the world's largest car-carrying ship, made its maiden voyage to Brazil
Brazil has become a top target for Chinese EV exports, according to shipping data
Industry groups want Brazil to raise tariffs to protect its auto industry
Chinese automakers have pledged to build local factories in Brazil
– #Investment
📈 From USD 232M to more than USD 7,000M.
This is how Buffett's bet on BYD ended, which multiplied the initial capital by x30.
👉 The exit confirms the closure of a historic cycle in the electric car industry.
#Buffett #BYDcar #stockmarket #WarrenBuffett
$BNB
📈 From USD 232M to more than USD 7,000M.
This is how Buffett's bet on BYD ended, which multiplied the initial capital by x30.
👉 The exit confirms the closure of a historic cycle in the electric car industry.
#Buffett #BYDcar #stockmarket #WarrenBuffett
$BNB
#Binance
#BYDcar
Chinese BYD's latest cars can be charged in 5 minutes, so share prices soar
Chinese electric car company BYD's latest cars can be fully charged in 5 minutes for a 400km trip, and its stock price has soared to record highs.
Competitors American Tesla (Tesla) electric car needs 15 minutes to charge to drive a distance of 275 km.
BYD's Hong Kong stock has risen six percent in the past two days, bringing the company's market value to $154 billion. This situation can put a lot of pressure on the Tesla Electric Car Company.
Tesla's shares have plunged 40 percent at the start of the year, as global sales of Tesla vehicles have fallen. Tesla shares fell another 5.3 percent after BYD announced that its latest cars need only 5 minutes to charge.
BYD's latest Han L and Tang L models, which can be fully charged in 5 minutes, will go on sale in April and will be priced at $37,300 and $50,000 respectively.
China used to have low-cost electricity, Although only able to produce industrial and technical equipment, in the past 5 years, it has been able to produce high-tech products comparable to the world.
Even German automakers VW and Mercedes, which have dominated the car market for years, are facing difficulties as they compete with Chinese automakers, closing factories as their markets shrink further.
#BYDcar
Chinese BYD's latest cars can be charged in 5 minutes, so share prices soar
Chinese electric car company BYD's latest cars can be fully charged in 5 minutes for a 400km trip, and its stock price has soared to record highs.
Competitors American Tesla (Tesla) electric car needs 15 minutes to charge to drive a distance of 275 km.
BYD's Hong Kong stock has risen six percent in the past two days, bringing the company's market value to $154 billion. This situation can put a lot of pressure on the Tesla Electric Car Company.
Tesla's shares have plunged 40 percent at the start of the year, as global sales of Tesla vehicles have fallen. Tesla shares fell another 5.3 percent after BYD announced that its latest cars need only 5 minutes to charge.
BYD's latest Han L and Tang L models, which can be fully charged in 5 minutes, will go on sale in April and will be priced at $37,300 and $50,000 respectively.
China used to have low-cost electricity, Although only able to produce industrial and technical equipment, in the past 5 years, it has been able to produce high-tech products comparable to the world.
Even German automakers VW and Mercedes, which have dominated the car market for years, are facing difficulties as they compete with Chinese automakers, closing factories as their markets shrink further.
📊 BYD Company Limited (Hong Kong: 1211.HK)
Approximate price: ~HK$95 – HK$99 per share on the Hong Kong Stock Exchange.
This price is based on delayed market data (usually ~15 min delayed) and reflects recent trading around the close of the Hong Kong market.
#BYDcar
#china #BinanceSquareTalks
Approximate price: ~HK$95 – HK$99 per share on the Hong Kong Stock Exchange.
This price is based on delayed market data (usually ~15 min delayed) and reflects recent trading around the close of the Hong Kong market.
#BYDcar
#china #BinanceSquareTalks
🚗💰 Warren Buffett liquidates BYD
After 16 years, Berkshire Hathaway sold all its shares in BYD, Tesla's biggest rival in China.
✅ Initial investment: USD 232M (2008)
✅ Profit: ~USD 7.000M
📌 One of the most profitable moves in the history of the Oracle of Omaha.
#Buffett #BYDcar #TeslaRevolution #MarketMoves $BTC
After 16 years, Berkshire Hathaway sold all its shares in BYD, Tesla's biggest rival in China.
✅ Initial investment: USD 232M (2008)
✅ Profit: ~USD 7.000M
📌 One of the most profitable moves in the history of the Oracle of Omaha.
#Buffett #BYDcar #TeslaRevolution #MarketMoves $BTC
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