Warren Buffett owns extra of a Chinese language electrical automotive firm than Normal Motors
The Chinese battery and electric vehicle manufacturer BYD is showing 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 greater stake in Chinese electric car maker BYD than it does in General Motors, according to a letter to shareholders.
Berkshire Hathaway has an 8.2% stake in Hong Kong-listed BYD and is the company’s eighth largest stake in market value as of December 31, according to the letter published on Saturday.
In contrast, the company held 3.7% in General Motors, the 15th largest holding.
BYD’s shares are up more than 300% in the past 12 months. GM’s are up 65% over the same period.