Chinese electric car company BYD slides on reports that Buffett is trimming stake

Chinese electric car company BYD slides on reports that Buffett is trimming stake

BYD, China's biggest carmaker by market valuation, is looking to list its chipmaking arm in Shenzhen. © Getty Images

BYD Co shares sank nearly 12% on Tuesday after a large stake matching the size of Berkshire Hathaway Inc’s investment in the Chinese electric car company appeared in Hong Kong’s clearing system.

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