Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 4.235 million Hong Kong-listed shares of Chinese electric vehicle maker BYD for HK$1.09 billion ($138.9 million).
The sale on February 3 lowered Berkshire’s holdings in BYD’s issued H-shares to 11.87%, the filing to the Hong Kong Stock Exchange on Thursday showed.
This is the second time in a week that Berkshire reduced its stake in the Chinese EV-maker.
BYD was the world’s largest plug-in hybrids and pure electric vehicles maker in 2022, with a total of 1.86 million cars sold, growing faster than Tesla.
- Reuters, with additional editing by Vishakha Saxena