'Big Short' Burry Buys BYD Stake Amid 34% Crash as Korea Dealer Hits 10,000 Deliveries

The Quick Take

• Michael Burry of 'The Big Short' fame has taken a new position in BYD stock after the EV maker's 34% drop in a year
• BYD's Korean dealer DT Networks became the first to achieve 10,000 cumulative vehicle deliveries in Korea
• Burry sees BYD as undervalued given its strong growth trajectory despite EV demand slowdown and geopolitical headwinds

Famed investor Michael Burry, known globally for predicting the 2008 financial crisis, has established a significant new position in BYD, China's largest electric vehicle manufacturer, according to US financial data. The bet comes as BYD's share price has fallen 34% over the past year — with 24% of that decline occurring in 2026 alone — amid slowing domestic EV demand in China, intensifying industry competition, and geopolitical trade barriers hampering overseas market expansion. Simultaneously, BYD's Korean dealer DT Networks has achieved 10,000 cumulative vehicle deliveries, representing a milestone for BYD's expansion in the competitive South Korean automotive market.

Burry's contrarian BYD investment carries significant market signal value given his track record of identifying deep-value opportunities before mainstream consensus shifts. His entry at depressed valuations implies a thesis that BYD's fundamentals — leading EV market share in China, advanced battery technology, and global expansion momentum — are underpriced relative to short-term cyclical headwinds. The Korea delivery milestone reinforces that BYD's international market penetration is progressing despite trade tensions. Domestic Korean automakers Hyundai and Kia face intensifying BYD competition at the entry-level EV price point where BYD's cost advantage is most pronounced.

Watch BYD's quarterly sales volumes in China and key export markets as leading indicators of whether Burry's fundamental thesis on demand recovery is materializing. Monitor BYD's European market entry and tariff developments, as EU EV import duties have been the primary geopolitical barrier to BYD's international growth ambition. The macro variable is Chinese domestic EV market conditions: subsidy policy changes and consumer confidence recovery in China determine whether BYD returns to volume growth that justifies rerating from current depressed multiples.

Synthesized from 2 sources.