Strong Work Ethic at BYD, Maker of Electric Cars [View article]
I have seen many foreign investors with great track records in their own countries lose a lot of money in China because they wanted to believe the hype.
Try doing a Google search for: foxconn byd
"I have not read about any such patent infringement. Have you seen any information online?"
Strong Work Ethic at BYD, Maker of Electric Cars [View article]
Good luck to this guy. China certainly needs to work on alternative energy vehicles and move away from fossil fuels.
However I have heard the story so many times about the Chinese entrepreneur who works 24 x 7 and how wonderful his company is ... most of the time its bulls*%t targeted at people who want to believe it.
China may have 5m graduates a year but many of them are unemployed because they don't have skills useful in the real world. Don't assume that the Chinese definition of engineer is the same as one in the west. My guess is that if you paid an unannounced visit to BYD it wouldn't be quite the hive of activity you were expecting. More likely people sleeping at their desks, something quite common in a lot of Chinese companies.
From what I have read BYD has done a good job of copying and reverse engineering existing technologies. Whether they have the ability to go to the next level and be innovative remains to be seen.
Strong Work Ethic at BYD, Maker of Electric Cars [View article]
Try doing a Google search for: foxconn byd
"I have not read about any such patent infringement. Have you seen any information online?"
Strong Work Ethic at BYD, Maker of Electric Cars [View article]
However I have heard the story so many times about the Chinese entrepreneur who works 24 x 7 and how wonderful his company is ... most of the time its bulls*%t targeted at people who want to believe it.
China may have 5m graduates a year but many of them are unemployed because they don't have skills useful in the real world. Don't assume that the Chinese definition of engineer is the same as one in the west. My guess is that if you paid an unannounced visit to BYD it wouldn't be quite the hive of activity you were expecting. More likely people sleeping at their desks, something quite common in a lot of Chinese companies.
From what I have read BYD has done a good job of copying and reverse engineering existing technologies. Whether they have the ability to go to the next level and be innovative remains to be seen.
Berkshire's Munger Backs BYD’s Revolutionary e6 Electric Car [View article]
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