BTCC
/
BTCC Square
/
Global Cryptocurrency
/
BYD Responds to Berkshire Hathaway’s Exit with Composure Amid Stock Decline
BYD Responds to Berkshire Hathaway’s Exit with Composure Amid Stock Decline
11
1
BTCCSquare news:
BYD addressed Berkshire Hathaway's complete divestment with measured professionalism, framing the MOVE as a routine portfolio adjustment rather than a fundamental indictment. The Chinese EV giant's Weibo statement highlighted Berkshire's 17-year partnership and Charlie Munger's historic endorsement, while VP Stella Li emphasized the natural ebb-and-flow of institutional investments during a CNBC Europe appearance.
Market reaction told a different story. Hong Kong-listed shares tumbled 6% this week upon confirmation of Warren Buffett's full exit, though the stock retains a 20% annual gain. The selloff reflects lingering anxiety about growth prospects in China's hypercompetitive EV sector, where BYD continues battling Tesla for dominance.
By:
