Berkshire Hathaway Sells Entire Stake in Chinese EV Maker BYD
TL;DR Summary
Shares of BYD fell about 3.6% in Hong Kong after reports confirmed that Warren Buffett’s Berkshire Hathaway sold all its stake in the Chinese electric vehicle maker, ending a 15-year investment that saw the stock surge over 4,500%. The move comes amid concerns over BYD's ability to compete in China's price war and a broader decline from recent highs.
- BYD’s Stock Falls After Report Buffett Has Sold All His Stake Bloomberg.com
- Buffett's Berkshire totally exits its profitable stake in Chinese EV maker bought because of Munger CNBC
- Warren Buffett’s Berkshire Hathaway exits China's BYD, filing shows Reuters
- Berkshire Hathaway Sells Entire BYD Stake After 3,890% Stock Surge 조선일보
- Berkshire Hathaway exits BYD, closing out 17-year investment in Chinese EV maker. investingLive
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