Quote:
Originally Posted by cRiPpLe_rOoStEr
IIRC their core business is batteries for cellphones.
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The core business for BYD Electrical is cell phones. BYD Automotive is a separate company that is independently valued at $114 billion as of today. That is about what GM and Ford are valued combined
Quote:
Originally Posted by Hersbird
In some cases like say Ford or GM, you have to consider legacy liabilities in their value. So a startup car maker may not have factories but they also don't have 200,000 employees producing nothing but still collecting paychecks, and getting $5 copays on $1000 doctor visits.
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GM handed over responsibility for retiree healthcare to the UAW in the bankruptcy.