Etiqueta: Hong Kong

BYD Electronic (International) Company Limited ( HKG:285 ) shareholders might be concerned after seeing the share price...

Berkshire Hathaway reduces BYD stake below 5 percent, focusing on U.S. markets amidst rising tensions

24 Jul 2024 - Warren Buffett’s Berkshire Hathaway has sold off more of its stake in the world’s biggest EV maker, BYD of China, taking the holding below the disclosure level on the Hong Kong Stock Exchange.

Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRK) has reduced its stake in BYD Company (OTC:BYDDY), China’s largest electric vehicle maker, to below 5%, marking a continued shift in focus towards U.S. investments for the Omaha, Nebraska-based conglomerate. Berkshire recently decreased its holding in BYD to 4.94% from 5.06%, selling 1.4 million H shares at an average price of 246.96 Hong Kong dollars (approximately $31.64) per share, reported...

Despite Warren Buffet's Berkshire Hathaway selling BYD shares, the company sold nearly a million electric and hybrid vehicles in the second quarter, a record.

The days of calling BYD a “Buffett-backed” company may soon be coming to a close.

Warren Buffett’s Berkshire Hathaway ($BRK.A) ($BRK.B) has reduced its stake in the Chinese electric vehicle (EV) maker BYD Co. Limited ($HK:1211) to below 5%. Accor...

Warren Buffett continued to reduce his holdings of BYD stock, which now stands at 4.94% of all outstanding shares.