Chinese battery and electric vehicle maker BYD shows off 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 larger stake in Chinese electric automaker BYD than it does of General Motors, according to a letter to shareholders.
Berkshire Hathaway holds an 8.2% stake in Hong-Kong listed BYD and is the company’s eighth-largest holding by market value as of Dec. 31, according to the letter which was released on Saturday.
In contrast, the firm held 3.7% of General Motors, the 15th-largest holding.
Shares of BYD are up more than 300% over the last 12 months. Those of GM have climbed 65% during the same time period.
Related posts:
UN Security Council To Hold First Talks On AI Risks: All Details
America's nuclear missile bases have been alien targets since the 1960s, military insider....
With more fuel, fail-safe measures, Chandrayaan-3 to leap towards moon on Friday
OneWeb launches another 36 LEO satellites from Russian cosmodrome
Digital health companies are launching programs around GLP-1s
Elusive black shark that EJECTS its jaws out of its mouth looks like Marvel's Venom'
Elon Musk says Neuralink installs brain implant in first human
Quad Camera, Silver Colour Option Revealed
satellites: How many satellites are orbiting Earth?
Earth Observation Satellite 03 scheduled for launch on August 12