Youtube·2025-09-23 09:06Core Viewpoint - The aggressive price war in the Chinese automotive market is leading to potential consolidation and acquisitions among car manufacturers, with BYD focusing on building a strong global business foundation rather than pursuing acquisitions at this time [1][2]. Group 1: Market Dynamics - The Chinese car market is currently experiencing a "bloodbath," but this is not the reason for Warren Buffett's withdrawal from his stake in BYD, as he and Charlie Munger still support the company [2][3]. - The price war in China is expected to stabilize, with government policies discouraging extreme competition and encouraging sustainable business practices focused on technology investment [3][4]. Group 2: BYD's Strategy and Performance - BYD has successfully established a trustworthy service network in Europe, with 1,000 selected dealers providing high-quality service, which has helped the company gain market trust despite not having the lowest prices [4]. - The share price of BYD has fluctuated, but internal confidence in the company's future remains strong, indicating that the market's ups and downs do not reflect a loss of confidence in BYD specifically [6]. Group 3: International Relations and Market Focus - BYD does not sell passenger cars in the U.S. and Canada, focusing instead on other international markets, which mitigates the impact of U.S.-China trade tensions on its business [7][8]. - The relationship between the U.S. and China is complex, and while trade deals are necessary for expanding BYD's presence in the U.S., the company remains optimistic about its future prospects [8][9].