Buffett's Berkshire continues to sell shares of Chinese electric automaker

📆 6/26/2023 2:01 PM
📰 FoxBusiness

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Warren Buffett's company once again sold shares in the Chinese Electric automaker BYD. This time selling another 2.5 million shares worth $86.3 million.

Berkshire Hathaway, the investment company owned by Warren Buffett, continues to reduce its stake in the Chinese electric automaker BYD.Hong Kong-listed shares worth $86.3 million, according to a stock exchange filing.

The shares which were sold on June 19, reduced Berkshire's holdings in BYD's shares from 9.21% to 8.98%. Berkshire has been steadily been selling shares. The company had not sold shares in the automaker before last August.sold nearly 2 million shares, brining his stake to below 10%. In February, Berkshire sold nearly 95 million of its original 225 million shares, according to a filing with the Hong Kong stock market.

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