BYD Company Limited
Thesis
Warren Buffett sees BYD as a remarkable company run by a remarkable CEO, Wang Chan Fu, who has demonstrated integrity and strong business acumen. The company is the second largest cell phone battery maker in the world and has the best-selling car in China, indicating strong market positioning and operational excellence.
Did it work?
The pitch is a qualitative long thesis resting on Buffett's endorsement, BYD's battery market position, and its leading car sales in China, but it offers no explicit catalysts, price target, or time horizon. With no price performance data and no elapsed time provided, there is no way to measure whether the investment thesis played out. The claims cited are descriptive at the time of the pitch rather than verifiable forward-looking events, so the outcome cannot be judged.