RE:BYD eyes lithium giant takeover as it expands BYD is one of the most astute businesses in the EV market. This potential transaction is consistent with the way BYD does business. It finds companies it wants to buy and waits for them to be in a loss making position before they BYD swoop in to be a white knight buyer. BYD never becomes the white knight buyer because the price they pay is never really full value for the company they buy. Full discosure I am an investor in BYD . I like that they make probably the most efficient EV buses;but their business practices are tough on suppliers.