China EV war: how BYD grew from Elon Musk’s ridicule to Berkshire Hathaway’s ‘ridiculous’ US$98 billion success in 12 years

• BYD delivered 1.86 million fully electric and plug-in hybrid vehicles in 2022, outselling Tesla’s 1.3 million by 42 per cent
• BYD’s shares have soared 40-fold since Berkshire Hathaway’s Charlie Munger first decided to back the carmaker in 2008