Investor Michael Burry, known for The Big Short, increased his investment in BYD Company, according to his latest investment updates. He added to his existing shares in the Chinese electric vehicle maker and classified BYD as a mid-sized holding in his portfolio. The size of the purchase was not disclosed.
Burry also compared the prolonged decline in Hong Kong’s Hang Seng Index with the Great Depression, emphasizing the severity of the regional market downturn. His continued investment in BYD suggests a bullish outlook on the company despite challenging market conditions.