Why We May Buy This EV Stock
Chinese EV stocks attract lots of attention from investors, most of whom don't know the trap they're falling into. You see, China's most popular EV stocks trade as VIE structures which give you about the same ownership rights as ICOs. In other words, eff all. So Li Auto, Xpeng, and NIO are all big no-nos for us which leaves the largest automakers in China, mainly the State's "big four" and BYD. That brings us to the Chinese EV investing thesis which is equal parts China, electric vehicles, and global auto dominance. We've been increasingly seeing BYD's cheap electric vehicles as a gateway…
The skinny
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