China's top EV maker BYD, backed by Warren Buffett’s Berkshire Hathaway, is more versatile than many might realize.
Tesla has been slashing prices. Ford just cut the price of its Mustang Mach-E, too, plus it cut back production of its electric pickup. And General Motors is thinking about bringing back plug-in hybrids, arguably a step back from EVs.
Tesla and BYD are struggling following weak earnings and a tough market for EVs. BYD has launched a price war and the $233,500 U9 supercar.