Etiqueta: Hong Kong

BYD has confirmed that Berkshire Hathaway completely sold off its remaining shares earlier this year, ending a 17-year run that began in 2008.

Chinese auto maker BYD Co.

As it confirmed Berkshire has sold the last of its shares, the Chinese EV maker thanked Buffett and Munger for their 17-year investment.

By Nick Carey, European Autos CorrespondentGreetings from London!After many years of riding high, Porsche has hit what could only charitably be called a rough patch.Late on Friday, Porsche once again had to pull back from its electric vehicle rollout in a move that will hit parent company Volkswage…

Shares of China’s BYD slipped on Monday on news Berkshire Hathaway fully exited its stake in the EV-maker.

Berkshire Hathaway Ends Historic EV Investment in BYD

Market Catalysts host Julie Hyman tracks several of the day's top trending stock tickers, including Oracle (ORCL) as it is named in the framework of a TikTok deal, Compass, Inc.'s (COMP) bid to buy Anywhere Real Estate (HOUS) for $1.5 billion, and Berkshire Hathaway (BRK-B, BRK-A) CEO Warren Buffett announcing that he has sold his entire stake in BYD (1211.HK, BYDDY). To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.

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

Warren Buffett’s Berkshire Hathaway is no longer a shareholder in Chinese electric vehicle behemoth BYD, ending an investment that first started in 2008 and delivered billions of dollars in returns to the American investment giant.