Etiqueta: Tariffs

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.

Europe, for all of its bluster, hasn’t taken a completely hard line against the import of Chinese electric cars and hybrids. The resistance in the United Kingdom has been even weaker. Now that the tariff issue has been temporarily resolved, China’s leading EV automaker has a gambit to pierce the heart of even the toughest […]

Asian equities were lower overnight as Japan significantly underperformed and closed lower by almost -2%, though volumes in the region were light due to market holidays.

The global electric vehicle (EV) new-car market enjoyed strong growth in April, as multiple BYD models performed well.

The investment mogul’s stake in the Chinese electric vehicle maker is effectively down more than 66%

Warren Buffett’s Berkshire Hathaway sold 1.3 million BYD shares listed in Hong Kong.

Tesla (TSLA) shareholders approve Musk's massive pay package, showing strong support. Meanwhile General Motors (GM) cuts forecast for EV production and sales for 2024.

BYD and CATL (Contemporary Amperex Technology Co Ltd) reportedly aim to launch a new electric vehicle (EV) battery with a 6C charge rate.