Etiqueta: Sales

BYD (BYD, 1211.HK) stock drifted lower in Monday's session after CNBC reported Berkshire Hathaway (BRK-B, BRK-A) CEO Warren Buffett sold off the firm's full stake in the Chinese EV maker. Yahoo Finance senior autos reporter Pras Subramanian breaks down the latest. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.

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

Warren Buffett, the veteran investor, has sold his stake in Chinese electric vehicle maker BYD after making a twentyfold return on his investment.The Berkshire Hathaway investment firm led by the

BYD will introduce new variants for the second-generation Qin Plus in three days, as cumulative deliveries of the affordable sedan surpass 2.4 million units.

Warren Buffett’s Berkshire Hathaway BRKa.N has fully exited Chinese automaker BYD 1211.HK002594.SZ, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period.

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.

Berkshire Hathaway’s sale of its entire stake ends an investment in the Chinese carmaker that has yielded more than 20-fold over 17 years

BARCELONA (Reuters) -When Javier Hernandez went car shopping in Barcelona, he ended up choosing a plug-in hybrid by China's BYD - swayed by a price nearly 10,000 euros cheaper than European rivals. With government subsidies, the BYD Seal U DM-I Hernandez opted for starts at around 30,000 euros ($35,289) in Spain, compared to over 40,000 euros for VW's Tiguan and Peugeot's 3008 plug-in hybrid models. Cost-conscious buyers like Hernandez are fuelling rapid growth for Chinese EV carmakers like BYD in Spain and around Europe, stepping up competition with regional and U.S. rivals like Tesla, Stellantis and Volkswagen.

BEIJING (Reuters) -Warren Buffett's Berkshire Hathaway has fully exited Chinese automaker BYD, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period. The filing by Berkshire's energy subsidiary recorded the value of its BYD investment as zero as of end-March, down from $415 million at the end of 2024. Buffett's company began investing in Shenzhen-based BYD in 2008, when it paid $230 million for about 225 million shares, equivalent to a 10% stake at the time.

Berkshire Hathaway Inc. has exited its entire holding in BYD, according to a CNBC report on Sunday that also cited a spokesperson for the US firm confirming the development. A filing by Berkshire Hathaway Energy, the subsidiary that held BYD’s shares, listed the value of the investment as zero as of March 31, CNBC reported. The past two decades have seen BYD go from a little-known Chinese battery provider for cell phones to the nation’s biggest electric and hybrid vehicle maker.