Chinese language battery and electrical car maker BYD reveals off a mannequin of its Han EV collection on the 2020 Beijing auto present.
Evelyn Cheng | CNBC
BEIJING — Warren Buffett‘s Berkshire Hathaway conglomerate has a bigger stake in Chinese language electrical automaker BYD than it does of General Motors, in keeping with a letter to shareholders.
Berkshire Hathaway holds an 8.2% stake in Hong-Kong listed BYD and is the corporate’s eighth-largest holding by market worth as of Dec. 31, in keeping with the letter which was launched on Saturday.
In distinction, the agency held 3.7% of Common Motors, the Fifteenth-largest holding.
Shares of BYD are up greater than 300% over the past 12 months. These of GM have climbed 65% throughout the identical time interval.