Berkshire Hathaway Reduces Stake in BYD
Berkshire Hathaway Reduces Stake in BYD
Berkshire Hathaway Reduces Stake in BYD
News summary

Berkshire Hathaway, led by Warren Buffett, has been steadily reducing its stake in the Chinese electric vehicle maker BYD, with recent sales bringing its ownership down to less than 6%. The company sold over 200 million BYD shares, totaling millions in proceeds, hinting at a potential complete divestment if ownership falls below 5%. Despite BYD's positive performance and growth in the electric vehicle market, Berkshire's motivations for the divestment remain undisclosed, possibly linked to a shift towards U.S. investments and evolving market dynamics. The sale reflects Berkshire's strategic investment management and adaptation to market conditions, with analysts speculating on concerns over China's EV sales penetration amidst global tensions.

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