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Warren Buffett's hedge fund Berkshire-Hathaway continues to reduce its position in BYD stock, renewing concerns about Buffett's outlook on the EV industry

Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) is cutting its stake in Chinese EV maker BYD Company (1211.HK, BYDDY) after selling nearly $40 million worth of BYD stock. Catalysts Anchors Madison Mills and Seana Smith report on Berkshire Hathaway's BYD holdings and the international competition between Chinese manufacturers and other overseas auto makers, like Tesla (TSLA). For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.

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.

Battery manufacturers BYD and CATL will start shipping LFP cells capable of 6C charging, which can fully charge in 10 minutes, by the end of the year

Car owners report being unable to control key functions via control app, though physical operation of vehicle, climate control and other functions remain unaffected; importer says contacted manufacturer to investigate issue

BYD Company Limited (OTCMKTS:BYDDF – Get Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 3,820,300 shares, an increase of 65.2% from the May 15th total of 2,312,700 shares. Based on an average daily volume of 130,900 shares, the days-to-cover ratio […]

According to reports from China, BYD's FinDreams battery unit has secured a contract to supply up to 20% of the cells for Tesla's BESS Megafactory in China.