Charlie Munger, Warren Buffett’s right-hand man at Berkshire Hathaway, marveled earlier this year at the success of China’s BYD. The electric-vehicle maker has trounced Tesla in China and is close to overtaking it in EV sales globally, as well. Munger led Berkshire’s decision to invest in BYD.
“I have never helped do anything at Berkshire that was as good as BYD,” Munger said in February at the annual meeting of news publisher Daily Journal. “BYD is so much ahead of Tesla in China. It’s almost ridiculous.”
