Warren Buffett owns more of a Chinese electric car company than General Motors

Chinese battery and electrical vehicle maker BYD exhibits off a mannequin of its Han EV sequence on the 2020 Beijing auto describe.

Evelyn Cheng | CNBC

BEIJING — Warren Buffett‘s Berkshire Hathaway conglomerate has a closer stake in Chinese electrical automaker BYD than it does of Overall Motors, primarily based completely on a letter to shareholders.

Berkshire Hathaway holds an 8.2% stake in Hong-Kong listed BYD and is the corporate’s eighth-greatest maintaining by market worth as of Dec. 31, primarily based completely on the letter which became once released on Saturday.

In inequity, the company held 3.7% of Overall Motors, the 15th-greatest maintaining.

Shares of BYD are up bigger than 300% over the last 12 months. Those of GM dangle climbed 65% for the length of the equal time duration.

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