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Buffett’s BYD selling signals China EV challenges for 2023 | Insights | Bloomberg Professional Services

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This article was written by Bloomberg Data Analysts Yasumasa Nakagomi, Haruka Kuroo and Wataru Yonekura.

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Berkshire Hathaway Inc.’s selling of BYD Co. shares underscores growing challenges in the Chinese electric vehicle market.

Warren Buffett’s Berkshire sold 21.2 million BYD shares equivalent to $525 million in November, while investors including Deutsche Bank AG and Franklin Resources Inc. joined the selling.

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Bloomberg

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