Berkshire Hathaway sells 1M BYD shares

According to a filing with the Chinese stock exchange, Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.058 million Hong Kong-listed shares of electric vehicle maker BYD at an average price of HK$191.44 ($24.52) per share.

The sale lowered Berkshire's holdings in BYD's total issued H-shares to 13.97% on Jan. 3 from 14.06%.

BYD led all brands in China's December EV sales with 234,598 electric cars including plug-in hybrids and pure EVs, more than quadruple Tesla's (NASDAQ: TSLA) sales in the same month.

By Michael Elkins | [email protected]

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