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The largest electric vehicle manufacturer in the world is not Tesla, it is dwarfed by BYD, a Chinese company.

Everyone seems to be very familiar with Tesla but they seem to know little about BYD. In this podcast I describe some of the remarkable achievements of BYD which involves far more than cars. As a leading manufacturer of batteries they supply most of the other manufacturers of electric vehicles and in addition manufacture computer chips for Apple, Samsung and other electronic manufacturers. With 900,000 employees they are China's largest private corporation.

For 17 years, until 2025, a large percentage of shares were owned by Berkshire Hathaway, the American conglomerate, whose profit on their original investment of $230,000,000 is reported to have had a gain of 3,890% on that original investment.

While the U.S. government is attempting to protect its domestic car manufacturers by blocking BYD cars from the American market. This seems futile since BYD already has an operation in the US and also in Canada. It shall be interesting to see how long the US 100% tariff stays in place once BYD ships its first 49,000 cars to Canada within the next year.

Ian Duncan MacDonald
Author and Commercial Risk Consultant,
President of Informus Inc
2 Vista Humber Drive
Toronto, Ontario
Canada, M9P 3R7
Toronto Telephone - 416-245-4994
imacd@informus.ca