Skip to Content
AP National Business

Buffett’s firm has now sold 95 million shares of China’s BYD

KION
By
Published 3:49 PM

By JOSH FUNK
AP Business Writer

OMAHA, Neb. (AP) — Warren Buffett’s company has now sold nearly 95 million of its original 225 million shares of Chinese electric carmaker BYD’s stock, but it remains a significant shareholder. Berkshire Hathaway said in a filing with the Hong Kong stock market Thursday that it had sold another 4.235 million BYD shares since last month. Berkshire now controls about 12% of BYD’s stock. Until last August, Berkshire had never sold any of the BYD shares it bought in 2008. The stake Berkshire paid $232 million for had ballooned in value to be worth billions of dollars. BYD, based in the southern Chinese city of Shenzhen, is one of the biggest electric vehicle makers in the world.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KION 46 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content