Investor Warren Buffett, center, Microsoft founder Bill Gates, second from right, Charlie Munger, vice chairman of Berkshire Hathaway, second from left, and BYD Chairman Wang Chuanfu, right, unveil BYD’s M6 model in Beijing on September 29, 2010. Photo: AP
Hong Kong stock market

BYD plunges after Buffett’s Berkshire cuts stake in China’s top EV maker

31 Aug 2022 - 4:29PM

BYD plunges in Hong Kong trading after a filing shows Berkshire Hathaway trimmed its stake in the EV maker by about US$47 million.

Investor Warren Buffett, center, Microsoft founder Bill Gates, second from right, Charlie Munger, vice chairman of Berkshire Hathaway, second from left, and BYD Chairman Wang Chuanfu, right, unveil BYD’s M6 model in Beijing on September 29, 2010. Photo: AP

BYD plunges after Buffett’s Berkshire cuts stake in China’s top EV maker

BYD plunges in Hong Kong trading after a filing shows Berkshire Hathaway trimmed its stake in the EV maker by about US$47 million.

31 Aug 2022 - 4:29PM