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Buffett’s firm has now sold 95 million shares of China’s BYD


AP Business Writer

OMAHA, Neb. (AP) — Warren Buffett’s company has now sold nearly 95 million of its original 225 million shares of Chinese electric carmaker BYD’s stock, but it remains a significant shareholder. Berkshire Hathaway said in a filing with the Hong Kong stock market Thursday that it had sold another 4.235 million BYD shares since last month. Berkshire now controls about 12% of BYD’s stock. Until last August, Berkshire had never sold any of the BYD shares it bought in 2008. The stake Berkshire paid $232 million for had ballooned in value to be worth billions of dollars. BYD, based in the southern Chinese city of Shenzhen, is one of the biggest electric vehicle makers in the world.

Article Topic Follows: AP National Business

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