Asia's largest new energy automaker goes bankrupt, Why? Warren Buffett reduces stake in China's BYD

Posted on: January 28, 2023 January 28, 2023
Categories: Chinese EV Cars
Tags: Beijing, Buffett, BYD, CCP, Changjiang Automobile, China, China insights, China's economy, Chinese Communist Party, Chinese economy, Communist China, Li Ka-shing, new energy, new energy automaker, new energy automaker went bankrupt, new energy car, New energy industry, new energy vehicle, new energy vehicle company, new energy vehicle in China, new energy vehicle industry, new energy vehicle market, new energy vehicle sales in China, Tesla, Warren Buffett, Xi, xi jinping

In the nearly 30 years of domestic auto industry development, China hasn’t been able to overcome the core technical issues of automobiles in the era of internal combustion engines. The rise of the new energy vehicle industry, represented by electric vehicles, had prompted the CCP’s top brass to plan to seize the high ground in the new energy auto industry and supply chain and to dominate the production and sales of this industry by taking drastic steps to “overtake” its competitors.
But now China’s star new energy automaker went bankrupt and Warren Buffett reduces his stake in BYD. Why?

Have questions? Do you have something to share with us about China? We want to hear from you!
Email: [email protected]
Facebook www.facebook.com/EyesOnChina.

Your support allows us to produce more high-quality videos.
Consider donating at https://www.paypal.com/paypalme/ChinaInsights

Copyright @ China Insights 2021. Any illegal reproduction of this content in any form will result in immediate action against the person(s) concerned.
#newenergy #newenergyvehicle #Buffet

source