Warren Buffett byd – pressnews

[ad_1] Warren Buffett “loves” China’s biggest electric-vehicle maker BYD Co. and isn’t abandoning it, a senior executive from the company said. Warren Buffett “loves” China's biggest electric-vehicle maker BYD Co. and isn't abandoning it, a senior executive from the company said, despite the legendary investor's Berkshire Hathaway Inc. offloading more than a fifth of its stake this year.“It's very natural for him to get some returns — cash out,” BYD Executive Vice President Stella Li said in an interview Tuesday, in the first high-level public comments addressing the selldown of Buffett's long-held stake in the company. BYD shares jumped 6.9% in Hong Kong on Wednesday morning, hitting their highest since September and among the top gainers on the Hang Seng Index. Berkshire, which firs...

[ad_1] Warren Buffett’s Berkshire Hathaway Inc. trimmed its stake in BYD Co. even further, offloading another 1.72 million shares as of Sept. 1, according to an exchange filing Friday, just days after the legendary US investor began reducing his holding in China’s biggest maker of electric vehicles. Warren Buffett's Berkshire Hathaway Inc. trimmed its stake in BYD Co. even further, offloading another 1.72 million shares as of Sept. 1, according to an exchange filing Friday, just days after the legendary US investor began reducing his holding in China's biggest maker of electric vehicles. Berkshire's interest in BYD's Hong Kong-listed shares has now fallen to 18.87% from 19.02%, with the latest securities sold for an averag...

Tag: Warren Buffett byd

Warren Buffett ‘Loves’ China’s BYD Despite Selldown, EV Executive Says

Warren Buffett led Berkshire Offloads More Shares in Chinese EV Giant BYD