Warren Buffett's Berkshire Hathaway sells a million more BYD shares to realize huge profits in the Chinese EV maker

Jan 9 2023 by Business Insider

 
BYD EV car store in Shanghai, China, in 2021.

Robert Way/iStock Editorial/Getty Images Plus

Warren Buffett's Berkshire Hathaway sold 1 million more shares of Chinese EV maker BYD.Berkshire Hathaway still owns 153.3 million shares of BYD, which represents a 14% stake.Buffett's firm initially invested $232 million in the automaker in 2008, creating billions of dollars in profits.

Warren Buffett's Berkshire Hathaway said it sold 1.1 million more shares of BYD in a filing with the Hong Kong stock...

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