GUANGZHOU -- Warren Buffett's Berkshire Hathaway has sold all its shares in BYD, the Chinese electric vehicle maker said on Monday. The U.S. investment company started investing in BYD in 2008 but had gradually been reducing its stake in recent years.
Equities
Buffett's Berkshire exits Chinese EV maker BYD
US investment company had been gradually reducing 10% stake bought in 2008
BYD founder Wang Chuanfu, left, and Warren Buffett are seen in this photo taken in 2009. (BYD)
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