The American investment company sold 2.53 million shares in the EV-maker and has now reduced its stake from 20.49% in August last year to 8.98%

The move by Buffett’s Berkshire Hathaway was revealed in 13-F filings, which showed several other big funds had poured in millions in the Taiwanese chipmaker

This is the second time in just over a month that Buffett’s investment group has reduced its stake in China’s largest EV-maker

The billionaire, who recently slashed his multi billion-dollar stake in Taiwanese chipmaker TSMC, said he was 'pleasantly surprised' at the progress of recent Japanese investments

The investment mogul described the Taiwanese chipmaker as a well-managed company, but said his investment group had better places to deploy capital

The sale is part of a series of similar moves by Berkshire, which started selling its BYD shares in late August last year

Berkshire's investors are still trying to figure out why Buffett decided to sell most of its stake in the chipmaker

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

The investment company has gradually reduced its holding in the rapidly expanding Chinese EV-maker by more than a third

Buffet’s Berkshire Hathaway also traded $80.7 million worth of Hong-Kong listed shares in the Chinese automaker in November

South Korea's Coupang is trading 70% below its listing price and is one of many SoftBank portfolio companies, including Didi and Grab Holdings, that tumbled in the January-March quarter.

In proposing to install an independent chair, the National Legal and Policy Center said the roles of CEO and chairman are "greatly diminished" when one person holds both