Warren Buffett’s Berkshire Hathaway dumps BYD shares following rise in trade tension over Chinese EVs | CNN Business

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world.

Hong Kong CNN  — 

Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs.

The legendary investor’s conglomerate sold another 1.35 million Hong Kong-listed shares of BYD on June 11, trimming its stake to 6.9% from 7.02%, a Hong Kong stock

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

If AI is so good, why are there still so many jobs for translators?

Lost in automation? Vaselena/Getty Images Vaselena/Getty Images...

A year after the Titan tragedy, a sub is planning to go back to the Titanic to make a point | CNN Business

New York CNN  —  A year ago Tuesday, the world watched in horror as a multinational search began for...

Scammers tried to steal Graceland. Here’s how to make sure they don’t get your home | CNN Business

CNN  —  Last month, a much-beloved piece of American history was nearly stolen – but not in a...