After Hours A Lunar New Year Special: BYD, EVs and Chinese Capital Allocation
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Jan 18, 2023 Celebrating Lunar New Year, the hosts share lively traditions and personal stories. They dive into BYD's rise in the electric vehicle market and its strategic position against global giants like Tesla. The complexities of China's capital allocation reveal a delicate dance with government influence. Globalization narratives are explored, highlighting China's role in ongoing economic dynamics. They discuss investment, growth, and the vibrant intersection of culture and storytelling, closing with festive cheer for the New Year.
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Lion Dances in Chinatown
- Felix's most memorable Lunar New Year experience was seeing lion dances in China.
- He still visits Chinatown to watch them and enjoy the festive food.
China's EV Market
- China's EV market, with over 25% electric car sales, offers a glimpse into the future of transportation.
- BYD, starting with batteries in 1995, now leads Chinese EV production, outpacing even Tesla.
BYD's Mixed Fortunes
- BYD's vertical integration, from batteries to chips, has fueled its success.
- Despite this and moving upscale, BYD's stock dropped 30%, with Berkshire Hathaway selling shares.