Part 5/11:
Munger's assertion emphasizes Byd's formidable market share in China. However, when examining specific models like the BYD Seal, which is a direct competitor to Tesla's Model 3, sales have not lived up to expectations. The Seal, despite receiving positive reviews, has struggled to match Tesla’s sales volume. In fact, the Seal's sales have plummeted from around 15,000 units in December to less than half that figure in recent months. The same trend is observed with the BYD Han—a midsize sedan—whose sales have also substantially declined from prior peaks.