© Reuters. Berkshire Hathaway sells 1M BYD shares
By Michael Elkins
According to a filing with the Chinese stock exchange, Berkshire Hathaway (NYSE:), the investment company owned by Warren Buffett, has sold 1.058 million Hong Kong-listed shares of electric vehicle maker BYD (HK:) at an average price of HK$191.44 ($24.52) per share.
The sale lowered Berkshire’s holdings in BYD’s total issued H-shares to 13.97% on Jan. 3 from 14.06%.
BYD led all brands in China’s December EV sales with 234,598 electric cars including plug-in hybrids and pure EVs, more than quadruple Tesla’s (NASDAQ:) sales in the same month.
Be the first to comment