Etiqueta: US

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...

Strengthened fleet team, growing dealer network and new product to turbocharge Chinese manufacturer's expansion, says head of fleet sales Malcolm Fryer.

BYD will launch the 2025 Song Plus DM-i and Song L DM-i on July 25, and they will be the first BYD SUVs to be equipped with the latest DM 5.0 hybrid system.

The Thai seat plant is the first overseas factory built jointly by BYD and Forvia, which together have set up seven plants in China.

Hong Kong stocks watchful amid growing expectations of support after China’s central bank on Monday unexpectedly cut both the near-term policy rate and the loan prime rate.

Hong Kong stocks meandered as investors sought clarity on Beijing’s policy support after the Third Plenum expressed confidence in meeting development and growth targets by year-end, with several ministries due to release their own interpretations which would disclose more details. The Hang Seng Index was virtually unchanged at 17,622.02 at 10.50am local time. The Hang Seng Tech Index slid 1 per cent and the Shanghai Composite Index retreated 0.4...

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

A former Baidu smart driving tech veteran has joined BYD to head up end-to-end large model algorithm development, according to local media.

Under Hong Kong Stock Exchange rules, when an organization's shareholding in a Hong Kong-listed company drops to less than 5 percent, it can no longer continue to disclose its holdings.