Warren Buffett's Berkshire Hathaway sells a million more BYD shares to realize huge profits in the Chinese EV maker
The share sale, which took place last week, represented the seventh time Berkshire has reduced its stake in the Chinese EV maker since August.acquiring 225 million shares for about $232 million. In late 2021, Berkshire owned about 21% of BYD, according to Hong Kong regulatory filings, worth more than $7 billion dollars at its peak last year. in China with its affordable priced electric and hybrid vehicles.
Accounting for all of Berkshire Hathaway's share sales of BYD, which began in August 2022, the conglomerate now owns 153.3 million shares of the company, representing a stake of 13.97% in the Chinese automaker. That stake is currently worth just under $4 billion.
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