Warren Buffett cuts stake in China’s BYD, spurring bets more may come

BYD Tang.jpg — The BYD Tang, a large full-electric crossover, has been sold in Norway since 2021. It will be joined by two more EV models as BYD expands in Europe. (BYD Co.)

By:

Bloomberg

August 30, 2022 01:35 PM

Warren Buffett’s Berkshire Hathaway slightly trimmed its stake in Chinese automaker BYD, just over a month after speculation that the legendary U.S. investor was preparing to shed his entire position sent BYD’s stock plummeting.

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