Berkshire Hathaway Reduces BYD Stake Below 5%, Shifting Focus to US Investments
Warren Buffett's firm trims holdings in China's largest EV maker as competition intensifies and US opportunities beckon.
- Berkshire Hathaway has decreased its stake in BYD to 4.94%, down from 5.06%.
- The reduction means Berkshire no longer needs to disclose BYD stock sales on the Hong Kong exchange.
- BYD shares dropped over 3% in Hong Kong following the announcement.
- Berkshire's shift follows a broader trend of reducing exposure to Chinese companies, including Taiwan Semiconductor.
- BYD remains a major player in the global EV market, with significant growth and expansion plans.