, Columnist
Who’s Got It Right on EVs: Musk or Buffett?
Berkshire Hathaway-backed BYD is blowing past its competition, and could start supplying batteries to rival Tesla.
It was funny, wasn’t it?
Photographer: picture alliance via Getty Images
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Over a decade ago, Elon Musk scoffed at the idea that China’s BYD Co. was a legitimate competitor. Oh, how the mighty have fallen.
Now, Warren Buffett-backed BYD is set to wash out its closest rival in China, Tesla Inc. Last week, a BYD executive said that his company was “preparing to supply batteries to Tesla very soon.” The potential deal will catapult BYD to become one of the world’s most prominent and largest EV and battery manufacturers.