Reported 8 months ago
During BYD Co.'s impressive rebound fueled by strong sales forecast and new product releases, Warren Buffett's Berkshire Hathaway Inc. has decreased its BYD shares stake to 6.9% from about 20% in mid-2022, with a slower selling pace observed in contrast to the previous period. This strategic move aligns with the dynamic Chinese EV sector and reflects Berkshire's anticipation of higher valuations, suggesting a potential for heightened market share and sales growth despite potential challenges like EU tariff hikes for Chinese EVs.
Source: YAHOO