BYD Exec Doesn't Consider Tesla A Rival, But Rather, ICE Cars via insideevs.com
, and others that it's not necessarily rival EVs that they're worried about, but rather, other cars in general. For example, for an EV like the Ford Mustang Mach-E to be considered a true success, it will arguably have to outsell and possibly eventually replace the gas-powered Mustang.
Moreover, that transition will have to push rival sports cars and crossovers to transition to EVs that eventually outsell and potentially replace their gas-powered ancestors.Executive Vice President Stella Li made some recent comments in reference to Warren Buffett’s Berkshire Hathaway Inc. selling BYD shares. despite the company's recent successes. BYD feels Buffet still has confidence in the automaker. In fact, despite the recent sales, the firm still has about a $4.5 billion stake in BYD.
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