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Well as I say EVs are not easy.  The latest out of BYD is they use Toxic Chemicals in their batteries.  Toyota unit Hino backed out of a deal to sell electric buses made by BYD at the last minute after discovering the presence of a toxic chemical that the Japanese auto industry has voluntarily banned.  Nice work, Japan enforcing standards.

Shout out to 99-Year-old Charlie Munger who things BYD is far superior to TESLA!

This is not the first time BYD has been fast and loose with toxins. Carmaker under investigation after claims residents near factory suffered nosebleeds and breathing problems - for example Yang Yongbing is just 24 but requires near full-time care following a stroke he had two months after stopping work on the production line at a factory owned by Chinese electric vehicle manufacturer BYD.

AI NEWS OUT OF CHINA

In addition, China tells Chinese Big Tech - DO NOT TOUCH ChatGPT.

We know how Chinese companies are with censorship and search so it makes complete sense. It is very important in China not to release any UNCENSORED data or UNCENSORED responses to queries. Companies like Tencent Holdings and Ant Group, the fintech affiliate of Alibaba Group Holding are directly informed.

Comments

Anonymous

Gramps Charlie owns a lot of banks stock and hate BTC, loves China 🇨🇳 EV over tesla, don’t know why. Anyway, we only focus what we can control, I’m buying more Tesla. 😁

Anonymous

Will someone not think of poor Uncle Munger?

Anonymous

Perhaps Munger enjoys a little toxicity with his tea. He is getting plenty of it here.

Anonymous

Charlie Munger looks like an older version of Bubbles from the Trailer Park Boy's. A Canadian sit com. He has done well for himself. I just can't understand why an intelligent man like Charlie would hate Bitcoin so much. Perhaps he has been misinformed. I do believe that before he passes away he will see the beauty of Bitcoin on become an enlightened man. Wouldn't it be great to see Bitcoin in Hathway Berkshire's portfolio.

Anonymous

I’m fast and loose with toxins. Only on the weekends though.

Anonymous

I saw that China is also telling their companies working with the big 4 accounting firms to let their contracts close out this year. Yet they still want to be listed on our Stock exchange. I might be biased as I had a terrible experience with Luckin Coffee and fraudulent accounting methods but this feels like a recipe for disaster.

Anonymous

The Economist article on February 4th suggests the collaboration between BYD and Toyota could help crack the mass market globally with vehicles selling for less than $40,000; particularly with Toyota’s access to the US market. Food for thought.

Anonymous

I think that rule is mostly against state owned enterprises using big 4, which will never seek to get listed in US stock market.