Does Warren Buffett still own BYD?

Warren Buffett’s Berkshire Hathaway is continuing to unwind its long position in BYD, China’s largest home-grown EV maker and Tesla’s major rival, after holding it for 14 years.

Is BYD a 'Buffett-backed' company?

But the days of calling BYD a “Buffett-backed” company may soon be coming to a close. On July 16, Berkshire Hathaway trimmed its stake in BYD to 4.94%, down from 5.06%, according to a Monday filing on the Hong Kong stock exchange. That drops the U.S. company below the threshold where shareholders have to disclose share sales.

Does Berkshire Hathaway still own BYD?

Berkshire still holds 75.7 million Hong Kong-listed shares of BYD, which were worth about 17.6 billion Hong Kong dollars ($2.3 billion) by Tuesday. Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs.