Warren Buffet‘s Berkshire Hathaway (NYSE: BRK.A) has reduced its stake in Chinese EV major BYD (BYDDY) by selling 1.33 million shares for $34.43 million.
This lowered Berkshire’s stake in BYD to 14.95% on December 8, from 15.1% earlier.
Shares of BYDDY have dropped more than 25% in the past year.