Berkshire Hathaway holds an 8.2% stake in Chinese electric automaker BYD, more than it does of General Motors, U.S. billionaire Warren Buffett said in a letter to shareholders.
Hong Kong-listed BYD was the conglomerate's eighth-largest holding by market value as of Dec. 31, the letter showed. Shares of BYD are up more than 300% over the last 12 months. Those of GM have climbed 65% during the same time period. Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show.
BYDCompany China is becoming the new go to for investment, we need to rethink how we do business in the USA.
My breakdown of Buffett's recent shareholder letter
So by default the Fed is an investor in a Chinese company. 🤔
'Never bet against America' 🤡
Always puzzled by this. Buying EV in China but OIL in US? Allegedly even shorting Tesla. Nothing personal, just money?
Lol get beat Warren
Buffett was better off investing in American EV company Tesla but he's way too old to be making smart financial decisions for himself.
BYDCompany BYD Buffett...
1/ There’s an illusion that you decarbonize with EV, why? California - 225g CO2 /kWh average day energy mix You had a petrol car, its fuel energy (it can also be calculated in kWh) was C. You got energy mix in town: A - clean energy - solar 45g CO2
What do these stake translate to in actual USD amounts?
bình thường, vui vẻ, hơi trầm tính...
Don’t bet against America
Traitor
日本の商社は買っても電気自動車は中国産買うんだ
Count it by the values
It's the only real asset in his portfolio.
The difference is mark capital, when he got in BYD the company was low market capital.
If you want to sell them here, please make them here Pres. Biden POTUS . Support your local jobs, local suppliers, your local community. Otherwise, they may not exist for much longer. World power is not with missiles and cyberwar. Power is really about crucial supply chains.
BYD is a scam
Mr Buffett surely knows the origin and the meaning of the BYDCompany acronym. Do you ?
ElItalianoFB
That’s because China produces most of the EV tech - America is behind, but once the trade is fixed $F should be on your radar for EV. (Not a Finacial advisor)
But GM is huge. If my company is small you could own 50% of not much of anything. Very relative.
Well that's interesting...he didn't buy Tesla. 😂
WarrenBuffett 'Never bet against America'?
He also sold shares of Apple to buy shares of an oil company. It's time to retire.
because GM is for boomers. Also, this is super old news. bash reddit less, and open your eyes and you might find news.
thanks for this news