MENU
SEARCHIt's not clear yet what prompted Warren Buffett's investment company to trim its holdings of the electric school bus maker's Hong Kong-listed shares.
Berkshire Hathaway still owns 153.3 million shares of BYD, or a stake of about 14%. The company invested $232 million in BYD in 2008.
Photo: Wes Platt
In January, the Warren Buffett-owned investment company Berkshire Hathaway sold more than 1 million shares of electric vehicle manufacturer BYD at an average price of about $24.52 per share, according to Hong Kong stock filings.
Buffett first bought shares in BYD back in 2008, according to The Associated Press. Berkshire's been selling off incremental amounts since August 2022, with holdings decreasing from 225 million to 153.3 million as of the latest filing.
"Buffett previously praised BYD founder Wang Chanfu generously and even visited a BYD factory in China back in 2010," the AP reported.
It's not clear yet what prompted the stock sales, but Buffett is expected to present an annual letter to shareholders this month. However, as the AP notes, he may not discuss it in the letter if stock sales are expected to continue: "Buffett doesn't routinely comment on his stock moves until after he is done making them."
The Motley Fool reported that Berkshire Hathaway has sold BYD stock shares five times since August. It advised readers with BYD holdings not to follow Buffett's example because BYD is in growth mode.
"If you're currently invested in BYD, you might be tempted to follow Buffett's lead and dump your shares," the financial website stated. "But Berkshire's recent stock sales aren't necessarily a reason to panic."
Check out some of the latest moves where alternative fuels and school buses intersect, including electric and propane bus deployments, new EV products, and an update from CARB.
Read More →
Keeping buses safe, reliable, and on schedule requires more than manual processes. This eBook explores how modern fleet software supports school transportation teams with automated maintenance scheduling, smarter video safety tools, and integrated data systems. Discover practical ways fleets are reducing breakdowns, improving safety, and saving valuable staff time.
Read More →
Check out some of the latest moves where alternative fuels and school buses intersect, including manufacturing expansions, major funding awards, and energy storage strategies.
Read More →
Electric school bus success hinges on long-term planning, which means smart financing, battery management, and service-based models that keep fleets reliable for years.
Read More →
Check out some of the latest moves where alternative fuels and school buses intersect, including new product announcements and bus deployments across the U.S.
Read More →
Nuvve’s latest partnership in New Mexico aims to help districts transition to electric school buses while strengthening local grid reliability.
Read More →
The push for electric school buses grows, but real-world hurdles mean districts are adopting EVs slowly and mixing them with diesel and propane.
Read More →
South Coast AQMD plans to replace 286 older buses with newer models, plus accompanying infrastructure, across 35 districts in the South Coast Air Basin.
Read More →
One program ends, another looks to be reimagined, and the Clean School Bus Program is in a holding pattern — here’s where each EPA program stands and what to expect moving forward.
Read More →
The Illinois district’s new electric bus fleet, supported by EPA grants, ComEd incentives, and Highland Electric Fleets, advances its commitment to sustainable school operations.
Read More →
