China's BYD Stock Down On Reports Of Warren Buffett's Berkshire Hathaway Sells Out Stake
Warren Buffett's Berkshire Hathaway Inc. has sold out its entire stake in Chinese automaker BYD Co. Ltd., as per a filing with the U.S. Securities and Exchange Commission.In Hong Kong, BYD shares fell 2.3 percent after reports of Berkshire Hathaway offloading all its stake in the Chinese electric-vehicle maker.Berkshire's energy unit- Berkshire Hathaway Energy Co., recorded the value of its BYD investment as zero as of March end in a May filing, while the investment as of December 31, 2024 was $415 million ...