Berkshire Hathaway sells $39.8 mln of shares in China's BYD

Warren Buffett's Berkshire Hathaway has sold 1.3 million Hong Kong-listed shares of EV maker BYD for HK$310.5 million ($39.8 million), a stock exchange filing showed on Monday.

Berkshire's holdings in BYD's issued H-shares were lowered to 6.90% from 7.02% following the sale on June 11, according to the filing with the Hong Kong stock exchange.

BYD is one of the investment conglomerate's few non-U.S. investments. It was finalized in 2008, though Berkshire began reducing that stake in 2022.