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Buffett’s Berkshire Sells Another $139 Million BYD Shares

This is the second time in a week that Berkshire Hathaway reduced its stake in the Chinese electric vehicle maker

BYD atto
BYD, which stands for Build Your Dreams, sold a total of 1.86 million BEVs and plug-in hybrids in 2022. Photo: BYD


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.


Also on AF: BYD Sees Profits Supercharged as EV Sales Surge in 2022


The group has been offloading its shares in the rapidly expanding carmaker since late August last year. Berkshire’s stake in the company’s H shares was 20.49% at the time.

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


Also read:

China’s BYD Launches Its Charge For The Top in Japan

China NEV sales grow 96.3%, BYD deliveries up 152.5% – Nikkei

BYD Has Most EV Tech Patents of China Carmakers – Nikkei

Warren Buffett’s Berkshire Reveals $4bn Stake in TSMC



Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has been working as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a stock market trader and investor, she is keenly interested in economy, emerging markets and the intersections of finance and society. You can tweet to her @saxenavishakha


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