Etiqueta: BYD

Berkshire Hathaway continues to trim its stake in BYD Company, a leading electric vehicle maker, as the company positions itself for global growth.

BEIJING/NEW YORK (Reuters) -Warren Buffett's Berkshire Hathaway has again trimmed its stake in BYD, the Chinese company that last year surpassed Tesla as the world's largest electric vehicle maker. Berkshire sold 1.3 million Hong Kong-listed BYD shares for HK$310.5 million ($39.8 million), according to a filing on Monday with the Hong Kong stock exchange. The sale reduced Berkshire's stake in

Warren Buffett’s Berkshire Hathaway sold 1.3 million BYD shares listed in Hong Kong.

China's BYD has made a name for itself in the highly competitive Chinese auto market and the fact that Berkshire picked the company's stock over Tesla is a testament to its strength.

Buffett's Berkshire Hathaway lowers stake in Chinese EV giant BYD - media reports

The BYD’s Fang Cheng Bao Bao 8 revealed interior as it gets closer to the market launch. It is a 5.2-meter SUV with up to 7 seats inside.

Warren Buffett's conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing.

Warren Buffett's Berkshire Hathaway has sold 1.3 million Hong Kong-listed shares of EV maker BYD for HK$310.5 million ($39.8 million), a stock exchange filing showed on Monday.

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