Breaking News

China’s EV Champion Bets Big on a Different Flavor of Battery

Tesla’s long-awaited Battery Day is coming next week. In China, it’s looking more like battery year. A new twist on an old battery technology has helped supercharge shares of BYD, the country’s largest electric-vehicle maker.

Like Tesla, shares of the Chinese EV maker have reached stratospheric levels: Its Hong Kong-listed stock price has nearly tripled this year. Nearly half of those gains came just this month after BYD, in which Warren Buffett’s Berkshire Hathaway owns a roughly 8% stake, gave bullish guidance for this quarter…

Leave a Reply

Your email address will not be published. Required fields are marked *