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On July 16, Berkshire Hathaway trimmed its stake in BYD to 4.94%, down from 5.06%, according to a Monday filing on the Hong Kong stock exchange. That drops the U.S. company below the threshold ...
Buffett's company has sold about 49 million shares of Tesla's Chinese rival since mid-July, pocketing around 25 times what it paid for them.
BYD is looking to dominate the electric vehicle market worldwide, and its stock is a lot cheaper than Tesla's. Why China's BYD Company Stock Popped Today Skip to main content
About 225 million shares of BYD appeared in the Hong Kong stock exchange clearing system, matching Berkshire Hathaway's position.
That’s why BYD — which makes both EVs and hybrids — is now eating Tesla’s lunch on the global stage. China is the world’s biggest auto market, and BYD is its top seller, surpassing ...
For its part, BYD argues that its low prices are due to "management efficiency" and investments in technology. On Monday, Li suggested that the U.S. should embrace China’s "leading" EV supply chain.
After China’s largest EV maker, BYD, managed to outsell Tesla in the fourth quarter, Griffin said he fears the West will need to find a way to keep cheap Chinese EVs from flooding the market.
In 2002, BYD listed on the Hong Kong Stock Exchange, riding the wave of its success in lithium-ion batteries. BYD’s pivot to autos It wasn’t until 2003 that BYD acquired a small automaker ...