Feb 2 Reuters Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.55 million Hong Konglisted shares of electric vehicle maker BYD for HK351.81 million 44.85 million, a stock exchange filing showed.

The sale lowered Berkshire39;s holdings in BYD39;s issued Hshares to 12.9 on Jan. 27, down from 13.04, the filing to the Hong Kong Stock Exchange showed on Thursday.

Berkshire, which started selling the BYD shares in late August, has accumulatively reduced its holding by more than a third.

Buffett39;s company acquired 225 million BYD shares in 2008, giving it a 7.73 stake, equal to the 20.49 stake in H shares, according to BYD39;s annual report.

BYD was the world39;s largest plugin hybrids and pure electric vehicles maker in 2022, with a total of 1.86 million cars sold, growing faster than Tesla.

1 7.8434 Hong Kong dollars

Reporting by Twinnie Siu and Zhang Yan; editing by Jason Neely Editing by David Goodman

Source Reuters