BYD Company Limited (OTCPK:BYDDF) fell 6.58% in Friday afternoon trading after Berkshire Hathaway sold shares of the Chinese electric vehicle giant for the second time in less than a week.
Per regulatory filings, Berkshire unloaded another 1.7M shares and has now sold roughly 1.4% of its total BYD holdings. Berkshire still owns a stake of about 19% of BYD. Looking ahead, it is unclear if the share block sales will continue or not.
Earlier in the day, BYD Company (OTCPK:BYDDF) reported on August new energy vehicle sales.