If you asked the typical European or American about BYD a couple of years ago, only the biggest petrol-head or an astute follower of Warren Buffett’s portfolio could have given you a confident answer on what the company does.
It’s taken a brutal price war with Elon Musk and an ascension to the top of the Chinese car pyramid to change that. Now that it’s left competitors in a “state of shock,” BYD has become hard to ignore.
However, as BYD fights a declining share price, Europe’s automakers have a few reasons to be optimistic that they will fare better in a battle on home soil.
Except the CCP is less trustworthy than Trump.
But the CCP is farther away from your typical European than their own government and more local car companies.
I would rather someone with less direct influence over me have data on me if I had to choose.
But who is an authoritarian with expansionist tendencies, and who is content to be a helpful freedom-loving European ?