Etiqueta: Tesla

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...

Despite Warren Buffet's Berkshire Hathaway selling BYD shares, the company sold nearly a million electric and hybrid vehicles in the second quarter, a record.

The days of calling BYD a “Buffett-backed” company may soon be coming to a close.

Warren Buffett continued to reduce his holdings of BYD stock, which now stands at 4.94% of all outstanding shares.

Warren Buffett is paring down his investment in China’s biggest electric vehicle company. That doesn’t mean he’s about to invest in Tesla. Berkshire Hathaway, the company Buffett controls, reduced

BYD Co. shares fell the most in more than three weeks after Berkshire Hathaway Inc. sold off another block of shares in the automaker, taking its stake to under 5% from more than 20% two years ago.

BYD Company reportedly hired former Baidu executive Zhou Peng to lead its driver assistance technology development. Peng will focus on creating end-to-end large model planning and control algorithms, bringing experience from Baidu's smart driving unit and Baidu-backed EV maker Jiyue.

China’s leading EV maker, BYD, is making strides in another key EV market with the launch of its M6, the...

Warren Buffett's Berkshire Hathaway reduced its stake in BYD to below 5%, in what could be the final time Berkshire discloses stock sales in China's largest producer of electric vehicles.

Berkshire Hathaway cuts stake in China's BYD to below 5%