Berkshire Hathaway Decreases BYD Stake Amid Stock Sales

Warren Buffett's Berkshire Hathaway has been reducing its stake in Chinese electric vehicle maker BYD, recently selling 1.3 million Hong Kong-listed shares, lowering its holding to 6.9%. BYD remains a key player in the global electric vehicle market, with a strong presence in China and expanding operations internationally. Despite new tariffs on Chinese EV imports, BYD is projected to see significant profits in the European market. Berkshire's investment in BYD, initiated by Charlie Munger, has been lucrative but gradually reduced over the years. BYD's transition to electric vehicles has propelled its success, surpassing Tesla as the world's top EV maker in 2023.