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How Soon Will "Build Your Dreams" Replace GM

When people ask me for a potential ten bagger, I point them to the Chinese electric car company “Build Your Dreams” (OTCPK:BYDDF) (check out their website by clicking here ) . I started following the company last year, and my early readers have already tripled their money on this pick. CEO Wang Chuan-Fu, who Charlie Munger describes as a combination of General Electric’s (NYSE:GE) legendary manager, Jack Welch, and inventor Thomas Edison, scraped up $300,000 from relatives to start a knock off cell phone battery company in Shenzhen in 1995. He grew the company into a massive, vertically integrated conglomerate, employing 130,000 highly motivated workaholics at 11 factories, including those in Hungary, Romania, and India (interesting choices). BYD bought a defunct car company in 2003 and re-engineered it to launch the $22,000 F3DM sedan last year, an old technology ferrous oxide based plug-in hybrid that gets 62 miles on a charge. General Motors’ (GMX) Volt and Toyota’s (NYSE:TM) plug in Prius, which won’t come out until next year, will only get 40 miles per charge and cost a lot more. All-electric BYD models are coming out this year. Warren Buffet was so impressed, he made a rare foreign investment last year, asking for 25%, and settling for a 10% stake for $230 million. In characteristic fashion, Buffet has already quadrupled his money. Wang, who has earned himself a place on the Forbes 400 list, intends to build BYD into the world’s largest automaker, and quickly. Why do I feel like this war is over before the first shots were even fired?