1 Chinese Stock to Buy Hand Over Fist

Core Insights - Chinese automakers, particularly BYD, have rapidly advanced in the electric vehicle (EV) market, surpassing foreign competitors like Tesla in revenue and profitability [1][4][10] Company Performance - BYD reported an annual revenue of $107 billion, exceeding Tesla's$98 billion [4] - The company's net profit increased by 100% year-over-year to approximately $1.3 billion, while Tesla's profit dropped by roughly 70$409 million [4] Technological Advancements - BYD has made advanced driver-assist systems standard across its vehicle lineup and introduced a new charging system that provides 250 miles of charge in just five minutes [5] - The company's 1,000 kW chargers are four times more powerful than Tesla's, which can add about 200 miles of range in 15 minutes [5] International Expansion - BYD plans to sell over 800,000 vehicles outside of China this year, more than double the previous year's sales [6] - The company is constructing factories in Brazil, Thailand, Hungary, and Turkey, and is customizing products for specific markets [7] Competitive Advantages - BYD benefits from vertical integration, producing a significant percentage of its components in-house, including a lithium iron phosphate battery that enhances safety and efficiency [8] - The company's durable competitive advantages align with Warren Buffett's investment philosophy [8] Future Outlook - BYD is well-positioned for continued growth, with strong performance metrics and potential for entry into the U.S. market as conditions become favorable [9][10]