Top 3 EV companies in ChinaBYD Company Limited Class HHKEX_DLY:1211dchua1969Of the 3 companies, I am vested in two - BYD and NIO , both of which are still in the RED. Fortunately, these are small positions to begin with but seeing it RED in my portfolio is an eye sore. Yes, they may be dominating US in this EV race and export to many overseas countries but within China, it is a price cut throat business where heavy discounts and frequent promotions are held frequently to get rid of excess inventories. China market for EV has matured and saturated, seeing from the high inventory from BYD. They have no other options but push hard and fast out of China , to any countries, Africa, Europe , LA, etc to quicken the sales. It is more than economics now with more local automotive companies be it in Asia or Europe complaining about the flooding of China EVs and eroding their market shares. So you can export to my country but paying a much higher import tariff , haha. At same time, consumers are fickle and they want new models , not waiting for years but within months ! So, deferred purchase heighten the problem. Some countries even have EV charging station problem - the local countries are loaded with infrastructure problems, bloated debts and government corruption. Lots of bottlenecks! Investing has definitely broaden my knowledge to see things from a BIGGER perspective. Not just demand and supply, world leader dominating, latest trend, etc !