Byd company limited

Munger has previously praised Tesla CEO Elon Musk's success in the auto industry but suggested that BYD could eventually outperform the EV giant.

BYD Company Limited (OTC: BYDDF) (OTC: BYDDY) reported earnings for Q3 2023 after the bell in Hong Kong that beat analyst expectations by a wide margin.

This year hasn’t been one for investors in Nio Inc (NYSE: NIO) to remember with much fondness.

https://www.scmp.com/business/china-business/article/3239716/byds-third-quarter-profit-soars-record-after-beating-tesla-and-others-ev-deliveries-capping-costs?module=live&pgtype=homepage BYD, the world's largest

https://www.fitchratings.com/research/corporate-finance/china-auto-battery-monitor-3q23-intensified-competition-in-ev-market-exports-face-headwinds-30-10-2023

Chinese EV makers leaped on news that Tesla was scrapping a Model Y discount Friday as investors hoped that the move signaled the beginning of a détente to the country’s EV price war. Xpeng was up 4%, Li Auto was trading 3% higher and Nio rose 2% by lunch time in Hong Kong trading. BYD was up just over 1%.

The tank turn feature allows a vehicle to turn 360 degrees by turning one side's wheels forward and the other side's backward.

Here are the story summaries of the Top 5 stories coming out of China’s fledgling tech sector this week:

Shares in Hong Kong and China dropped Thursday on a slew of bad economic data from the housing and financial sector. The Hang Seng Index fell 2.5% to 17,295.89 points and China’s CSI 300 index ended the day 2.1% lower at 3,533.54 points.

NIO Inc (NYSE: NIO) shares are trading lower Wednesday.