Business
BYD, Tesla’s Chinese rival, coming soon
This column is part of the sixth annual Heard on the Street show stock picking contest.
BYD, China’s largest electric vehicle manufacturer, has had a great year. Gathering clouds over the Chinese economy could prove a temporary headwind, but the company’s business acumen is hard to argue with: The Warren Buffett-backed automaker has try expanding its leading position over domestic competitors in July, with sales of new energy vehicles more than tripling the record.