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Just recently, very interesting information around the stakes of one of the billionaire’s company were revealed. The company whose stakes’ information has been making the headlines is Berkshire Hathaway conglomerate. It has been confirmed that the Berkshire Hathaway conglomerate is one of many of Warren Buffett’s companies.
The information was gathered from a letter that was shared with the shareholders at the company. The letter clearly states that Berkshire Hathaway conglomerate’s shares in the Chinese electric vehicle company are more than that of General Motors.
The Chinese electric vehicle company that currently has more stakes purchased by Warren Buffett than the native company is BYD. The sources reveal that the Berkshire Hathaway conglomerate has a huge holding when it comes to owning stakes at BYD.
According to sources, Warren Buffett’s company “Berkshire Hathaway” conglomerate currently holds 8.2% of the total stakes in the company. BYD is one of the most successful electric car manufacturing companies in China and it is already listed at the Hong Kong stock exchange.
The figures show that BYD is the 8th largest holding that Berkshire Hathaway conglomerate has in terms of market valuation.
The information around the market valuation of the company “BYD” was presented to the entire world through a letter that was released by Berkshire Hathaway conglomerate back in the last week of January 2021.
Although the above announcement can be taken as normal, the climax comes in when the stakes of General Motors are disclosed. The figures show that General Motors is currently ranked as the 15th-largest holding for Berkshire Hathaway firm. However, the company only owns 3.7% of the total shares of the General Motors manufacturing companies.
When the performance of both the companies are compared, it is easily understandable why Warren Buffett is more interested in investing in the Chinese EV companies versus American manufactures.
According to the reports, the price of the shares at BYD experienced a really high surge. The firm reveals that in the last 12 months, the company has managed to gain 300% increase with respect to prices. Unfortunately, for the same period, the General Motors only experienced a surge by 65%.
BYD is not one of the latest companies that Berkshire Hathaway conglomerate has invested in. The Berkshire Hathaway conglomerate had invested in the electric car company from Chinese “BYD” back in 2008.
At present, China is considered to be the largest market for the electric vehicles industry. That is exactly what has worked in the favor of BYD as it has emerged as one of the most successful EV companies in the country. BYD is an electric car manufacturing company that is based in Shenzhen.
It was just last year when BYD managed to sell more than 130,000 cars that were purely electric.
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