BYD, famously backed by Warren Buffett’s Berkshire Hathaway, is arguably China’s biggest EV success story, dethroning U.S. carmaker Tesla as the world’s top seller of battery electric vehicles in the final quarter of 2023. Yet the company’s experience with battery production could be BYD’s secret sauce, giving it higher margins by consolidating its supply chains. The company is now starting to expand overseas.
CFOTO/Future Publishing/Getty Images
