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Why is Buffett so optimistic about BYD?

BYD’s battery is the best in the world. Other car manufacturers in the world are promoting electric vehicles and new energy vehicles all day long. In fact, they are just doing experiments, but actually selling such cars is still Impossible things. But BYD is different. It started out with batteries. It was originally the world's number one in terms of batteries. One-third of Nokia's mobile phones are powered by BYD's batteries, but we rarely see BYD's logo. That's because of one sentence: Chinese people are sometimes very cheap and like foreign products. If they have a domestic logo, they will cost more than ten or twenty yuan, but if you put the Nokia logo on it, you can sell it for more than 60 yuan. This is why we can't see the BYD trademark. reason.

New energy vehicles will definitely be a development trend in the future, and now only BYD in the world dares to sell new energy electric vehicles. F3DM dual-mode electric vehicles can use both oil and electricity. It can run 160 kilometers on charging. It can be fully charged in one night using a 220V household charger. It can be charged up to 80% in 15 minutes at a charging station at a gas station, and the cost is about one-third of that of oil. BYD's e6 is a pure electric vehicle that uses only electricity and no oil. It can run 300 kilometers on a single charge, which is definitely ahead of any other car manufacturer in the world. Moreover, BYD did not start from scratch when making cars. He acquired the original Qinchuan Automobile and then named it BYD. Making cars is not considered an outsider. BYD's cars still have a certain degree of credibility.

These are the reasons why Buffett values ??BYD so much.

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