Buffett’s Offloading of Stock in BYD Tops $500 Million Mark

Sales by Warren Buffett’s Berkshire Hathaway Inc. in Chinese electric carmaking giant BYD Co. have cracked the $500 million mark.

Berkshire Hathaway sold some 1.55 million of the Hong Kong-listed shares on Jan. 27, according to an exchange filing Thursday, raising HK$351.8 million ($45 million). That brings the investment house’s holding in BYD down to 12.9% from around 20% originally, leaving it with 141.6 million shares outstanding.