Berkshire Hathaway Reduces Stake in Chinese EV Giant BYD

Warren Buffett's firm sells 1.3 million shares, lowering its stake to 6.9% amid changing market dynamics.

Berkshire Hathaway sold $39.8 million worth of Hong Kong-listed BYD shares.
The sale decreased Berkshire's holding in BYD from 7.02% to 6.9%.
Charlie Munger, Berkshire's late vice chairman, championed the original investment in BYD.
BYD, once the top EV seller, was recently overtaken by Tesla.
Berkshire's initial investment in BYD in 2008 has proven highly profitable.