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Warren Buffett’s Berkshire Offloads More Shares in Chinese EV Giant BYD

  • Billionaire investor trimmed stake to 18.87% from 19.02%
  • Sales have sparked speculation over Buffett’s future interest
A BYD Co. showroom in Shanghai. 

A BYD Co. showroom in Shanghai. 

Photographer: Qilai Shen/Bloomberg
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Warren Buffett’s Berkshire Hathaway Inc. trimmed its stake in BYD Co. even further, offloading another 1.72 million shares as of Sept. 1, according to an exchange filing Friday, just days after the legendary US investor began reducing his holding in China’s biggest maker of electric vehicles.

Berkshire’s interest in BYD’s Hong Kong-listed shares has now fallen to 18.87% from 19.02%, with the latest securities sold for an average of HK$262.72 apiece, giving the stake a value of around HK$450.8 million ($57.5 million). That takes Berkshire’s total shares jettisoned to 3.05 million, or 1.4% of Buffett’s known 225-million-share holding.