Berkshire Hathaway sells BYD shares, now owns 14.8% of Chinese company

Share with:


Berkshire Hathaway sells BYD shares, now owns 14.8% of Chinese company

Robert Besser
18 Dec 2022, 04:12 GMT+10

  • Investment company Berkshire Hathaway has sold 1.33 million Hong Kong-listed shares of Chinese electric vehicle maker BYD for $34.43 million.
  • The sale by Berkshire, which is owned by Warren Buffett, lowered its holdings in BYD’s total issued H-shares to 14.95 percent on 8th December, down from 15.07 percent
  • BYD has surpassed Tesla to become China’s best-selling EV brand

HONG KONG: A filing on the Hong Kong Stock Exchange this week reported that investment company Berkshire Hathaway has sold 1.33 million Hong Kong-listed shares of Chinese electric vehicle maker BYD for $34.43 million.

The sale by Berkshire, which is owned by Warren Buffett, lowered its holdings in BYD’s total issued H-shares to 14.95 percent on 8th December, down from 15.07 percent, the filing showed.

BYD has surpassed Tesla to become China’s best-selling EV brand. It sold 103,157 electric vehicles in China in November. This compares to Tesla selling 71,704 vehicles from its China factory, according to the China Passenger Car Association.

Share article:

facebook sharing button Share

twitter sharing button Tweet

reddit sharing button Share

flipboard sharing button Flip

email sharing button Email

Cheap Structural Foundation Repair Services in Apache JunctionFoundation Fix | Search Ads|

Sponsored

Share with: