BYD

Chinese battery and electric vehicle manufacturer founded by Wang Chuanfu in 1995 — which became the world's largest EV manufacturer — and which was identified by Li Lu as a major investment opportunity and subsequently invested in by Berkshire Hathaway on Munger's recommendation.

Became the world's largest electric vehicle manufacturer through extreme vertical integration — manufacturing its own batteries, motors, chips, and body parts — and demonstrated that Chinese manufacturing quality could compete with and exceed global automotive incumbents through sheer engineering ambition.