Warren Buffett owns extra of a Chinese language electrical automobile firm than Common Motors


Chinese language battery and electrical automobile 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 line 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 line 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% during the last 12 months. These of GM have climbed 65% throughout the identical time interval.