Warren Buffett Electric Vehicle Investment. Shares in chinese electric car maker byd fell 12 per cent after a stake close to the size of berkshire hathaway’s appeared in the hong kong stock exchange clearing system,. Billionaire warren buffett said in a letter to shareholders.
It already sells electric cars globally, including in rapidly growing markets like norway and upcoming ev markets like india, and is one of the world’s largest ev battery manufacturers. Since buffett’s berkshire hathaway invested $232 million, byd’s share price has soared.
Warren Buffett's Berkshire Hathaway Has Made A $2 Billion Gain On Byd This Year.
Berkshire hathaway holds an 8.2% stake in chinese electric automaker byd, more than it does of general motors, u.s.
Berkshire Spent $232 Million In 2008 For A Stake In The Automaker Worth Nearly $8 Billion.
Since buffett’s berkshire hathaway invested $232 million, byd’s share price has soared.
Byd Has Been Making Its Lithium Iron Phosphate “Blade Batteries” Since 2020, For Use In Its Own Cars And For Sale To Other Auto Makers.
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Billionaire Warren Buffett Said In A Letter To Shareholders.
Hong kong cnn business —.
Since Buffett’s Berkshire Hathaway Invested $232 Million, Byd’s Share Price Has Soared.
Warren buffett, the legendary investor and ceo of berkshire hathaway, has made a strategic move by backing byd, a chinese multinational conglomerate at the f.