Berkshire Hathaway reduces its stake in Chinese BYD to below 5%
July 22, 2024
Berkshire Hathaway has reduced its stake in BYD to below 5%, in what is likely to be the last time Berkshire will publicly disclose its share sale in China’s largest electric vehicle maker.
The firm reduced its stake in BYD’s H-shares from 5.06% to 4.94% on July 16, according to a report filed with the Hong Kong Stock Exchange on Monday.
On June 11, the stake was 7.02%.