Berkshire Hathaway Cuts Ties with BYD! Warren Buffett Sells $39.8M in Shares – What’s Next for the EV Giant?
Omaha, Nebraska – Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, made headlines at the company’s Annual Shareholders Meeting in Omaha. During the meeting, it was disclosed that Berkshire Hathaway has been gradually reducing its substantial stake in China’s leading electric vehicle manufacturer, BYD. This decision comes as part of a strategic move by the conglomerate to trim its holdings in BYD, with an additional 1.3 million Hong Kong-listed shares sold for $39.8 …