Etiqueta: BYD

Warren Buffett's Berkshire Hathaway likely made about $7 billion or 30 times its money from its 16-year investment in BYD, Business Insider found.

Shares of BYD (BYDDY) fell over three percent in trading overnight in Asia after Warren Buffett's Berkshire Hathaway exited its longtime stake in the Chinese electric vehicle maker. Meantime. Porsche (PAH3.DE) is under pressure after slashing its profit guidance and Snap (SNAP) is on a tear in the pre-market, extending a recent run higher in the last week.

New U.S. regulations, responding to U.S. national security concerns, are set to take effect in mid-January and will prohibit imports of Chinese- and Russian-made “connected” software and hardware used in manufacturing vehicles. If combined with Trump’s proposed 10%–20% tariffs on imported vehicles and auto parts, these regulations could adversely impact Mexico’s economy, reduce the global competitiveness of North America’s automotive sector, and disrupt U.S. trade agreements.

Papenburg, Germany -- YANGWANG, the luxury sub-brand of global new-energy vehicle (NEV) leader BYD, has set a new global production-car top-speed record of 496.22km/h at the ATP Automotive Testing Papenburg test track in Germany.

Berkshire Hathaway exits longtime stake in Chinese EV maker BYD, ending 17 years of Buffett backing amid shrinking profits and rising competition.

We can hardly believe that an EV in the form of BYD's Yangwang U9 Xtreme dethrones Bugatti Chiron Super Sport to become the world's fastest production car

China will boost consumption and improve regulations to ensure steady and high-quality growth of the automobile industry as it faces challenges such as disorderly competition during rapid development, officials noted at an industry forum recently.

BYD will introduce new variants for the second-generation Qin Plus in three days, as cumulative deliveries of the affordable sedan surpass 2.4 million units.

BYD’s YangWang U9 Extreme broke the 300 mph barrier earlier this month in Germany.

Warren Buffett’s Berkshire Hathaway BRKa.N has fully exited Chinese automaker BYD 1211.HK002594.SZ, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period.