Autos

Buffett owns more of Chinese electric car maker BYD than General Motors

0


Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show.

Evelyn Cheng | CNBC

BEIJING — Warren Buffett‘s Berkshire Hathaway conglomerate has a larger stake in Chinese electric automaker BYD than it does of General Motors, according to a letter to shareholders.

Berkshire Hathaway holds an 8.2% stake in Hong-Kong listed BYD and is the company’s eighth-largest holding by market value as of Dec. 31, according to the letter which was released on Saturday.

In contrast, the firm held 3.7% of General Motors, the 15th-largest holding.

Shares of BYD are up more than 300% over the last 12 months. Those of GM have climbed 65% during the same…



Source cnbc.com

0 0 votes
Article Rating

Major offshore wind farm using huge turbines starts to produce power

Previous article

‘Play by the rules or we will shut you down’

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Autos