With BYD aggressive pricing strategy. A lot of smaller players will be out soon. They will dominate the EV market together with Tesla. I think the sale has nothing to do with profitability but the potential political risk between US and China. 

Buffett’s Berkshire Totally Exits Its Profitable Stake In Chinese EV Maker Bought Because Of Munger

Berkshire Hathaway has completely exited its extremely profitable equity investment in the Chinese electric vehicle maker BYD.In August 2022, Berkshire began to reduce the 225 million share position...
Buffett’s Berkshire Totally Exits Its Profitable Stake In Chinese EV Maker Bought Because Of Munger

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet