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Warren Buffett’s Berkshire Hathaway has pared its stake in BYD, further unwinding its long-term bet on China’s largest electric-vehicle maker amid a broader refocus on U.S. investments.
Berkshire owned about 7.7% of BYD at the end of 2021, a stake it valued at $7.7 billion. A Berkshire unit paid just $232 million for those shares back in 2008.
Berkshire Hathaway, an early investor in BYD thanks to the late Charlie Munger, continued to trim its massive stake in China's biggest electric vehicle maker. Warren Buffett's conglomerate has ...
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.
Warren Buffett's Berkshire Hathaway Inc. has trimmed its stake in BYD Co., seven weeks after prompting speculation it might sell its entire multi-billion dollar stake in the largest Chinese ...
According to news reports (paraphrased with wording additions from me): Berkshire Hathaway had acquired 225 million BYD (a top Chinese EV maker) shares in 2008, giving it a 7.73% stake ...
BEIJING — Warren Buffett's Berkshire Hathaway has again trimmed its stake in BYD, the Chinese company that last year surpassed Tesla as the world's largest electric vehicle maker. Berkshire sold ...
Warren Buffett’s Berkshire Hathaway pared its stake in BYD to less than 5%, further unwinding its long-term bet on China’s largest electric-vehicle maker amid a broader refocus on U.S ...
so if Berkshire's stake falls below 6%, there will be another filing. Founded by Wang Chuanfu, BYD started making batteries for mobile phones back in the 1990s. By 2003, the company had pivoted to ...
BEIJING/NEW YORK, June 17 (Reuters) - Warren Buffett's Berkshire Hathaway (BRKa.N), opens new tab has trimmed its stake in China's BYD (002594.SZ), opens new tab, which surpassed Tesla (TSLA.O ...