Berkshire Hathaway sells US$68.8m electric vehicle BYD stake

Capt. John

BERKSHIRE Hathaway, the investment firm controlled by US billionaire Warren Buffett, continued to trim its stake in BYD, selling 2.48 million shares in the Chinese electric-vehicle (EV) maker last month, the 10th time since August, reports Hong Kong’s South China Morning Post. The shares were sold for US$68.8 million on March 31 at an average price of HK$217.67 per share, according to stock exchange data. Following the divestment, Berkshire’s interest in BYD has dropped to 10.9 per cent from...

https://www.seanews.com.tr/berkshire-hathaway-sells-us-68-8m-electric-vehicle-byd-stake/196516/

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