Quick Answer: Does Warren Buffett Own BYD?

One of the major investors of BYD is Warren Buffett’s Berkshire Hathaway, which holds an 8.2% stake in the company that was purchased back in 2008 for $232 million. We believe purchasing BYD’s stock is a good way of exposing your portfolio to the EV industry.

How much did Warren Buffett pay for BYD?

BYD entered the auto business in 2003 with betting that his batteries would work there; he started selling a plug-in hybrid passenger EV models back in 2008. It was then that BYD received a stamp of approval from Warren Buffett’s Berkshire Hathaway, which bought a 9.9% stake in BYD for HK$8 per share.

Who owns Byton?

What is the Warren Buffett Rule?

The Buffett Rule is the basic principle that no household making over $1 million annually should pay a smaller share of their income in taxes than middle-class families pay. Warren Buffett has famously stated that he pays a lower tax rate than his secretary, but as this report documents this situation is not uncommon.

How do I buy BYD stock?

Where and how to buy BYD stock. Many online brokers including Robinhood, eToro, Charles Schwab, and Fidelity support trading in BYD’s BYDDY stock. You will need to open an account with a broker that supports the stock, fund the account, and place your order for BYDDY stock.

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Is BYD a good investment?

Unlike NIO, BYD is profitable already, although only marginally. Shares are trading for around 130x trailing earnings today, which isn’t a low valuation at all, but which compares favorably to the valuations some other EV stocks are trading at, such as Tesla, which trades for more than 600x trailing net profits.

Is BYD a Chinese company?

Company Background

BYD is a major Chinese automaker based in Shenzhen, Guangdong Province. It sells vehicles under the BYD brand. Founded in 1995, BYD started out as a battery maker and entered the automobile business in 2003.

Did Warren Buffett sell his stocks?

Warren Buffett’s Berkshire Hathaway sold stocks and reduced buybacks last quarter. The famed investor’s company cashed out a net $3.9 billion of equities. Berkshire also bought back $6.6 billion of stock, down from about $9 billion last quarter.

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