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On our trip through China the past two weeks, we were driven in Chinese-made cars, as well as a Buick Regal. The Buicks are built in Shanghai, where they are  considered a luxury brand. We saw them in every city and town we visited, and drove in a black one for 3 days in Beijing. An interesting Chinese brand is built by BYD, formerly a Chinese battery company that makes a lot of the world’s cell phone batteries. A guy named Warren Buffet has invested $250 million in BYD, which company PR lore says stands for either Build Your Dreams, or Bring Your Dollars — you pick. Another car we rode in, and it is shown here, is built by FAW (First Automobile Works) HongQi, a state-owned company, and has the look, fit and finish of a Lexus. FAW also builds a luxury limousine, including the one the President of China rides in, that sells for a modest $1.2 million. At the car-building city of Changchun, we saw dealers for virtually every global brand and saw car carrying trucks, each with 16 new Chinese cars aboard, by the hundred. China is now the largest automobile market in the world, out selling the U.S. by 60%, and its cars are nearly ready for the U.S. market. Watch for their EVs (electric vehicles). Warren Buffet is.

February 2023

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