Robert WayThesis BYD (OTCPK:BYDDY) (OTCPK:BYDDF) is an automobile company with a competitive moat. Its superior technology, dominance of the lower-cost automobile segment in China, and benefits from its large scale make it a resilient and profitable company in the highly competitive industry. Its P/E ratio of 20 is not cheap out of context but reflects its historical and expected future growth from the EV adoption trend and BYD's diverse product lines with various levels of premium. I believe earnings w ...