Etiqueta: Hong Kong

Hong Kong-listed BYD Co. Limited’s ($HK:1211) shares dropped by 3.35% today after the Chinese automaker reported weak sales for its pure EVs (electric vehicles) for...

The numbers come against a stormy backdrop with a growing number of Chinese automakers taking aim at each other in the press amid competition concerns.

(Bloomberg) -- Uber Technologies Inc. will team up with BYD Co. to put 100,000 electric vehicles onto the ride-hailing company’s platform, in a major deal between American and Chinese businesses that notably excludes the US.Most Read from BloombergKamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatLuxury Heir Alleges His $13 Billion Hermès Fortune Has VanishedIntel to Cut Thousands of Jobs to Reduce Costs, Fund ReboundHamas Says Israel Killed Political Leader With Airstrike in

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...