ITBEAR

Warren Buffett Continues to Reduce Stake in BYD, Cashing Out Over HK$300 Million as Shareholding Drops to 6.9%

June 18, 2024 – Berkshire Hathaway, owned by Warren Buffett, has sold 1.3 million shares of BYD’s Hong Kong-listed stock on June 11th, realizing approximately HK$310.5 million. Following this reduction, Berkshire Hathaway’s stake in BYD’s issued H shares has decreased from 7.02% to 6.90%. This marks the 14th publicly disclosed reduction of BYD H shares…

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Tesla Sues Former Supplier for Battery Tech Theft, Demands Over $1 Billion

June 18, 2024 – Tesla has filed a lawsuit against its former supplier, Matthews International, accusing the company of stealing its trade secrets and attempting to patent confidential information related to electric vehicle batteries. The legal action was initiated in the Northern District of California federal court on Friday. Despite both companies being headquartered outside…

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BYD’s New Energy Vehicles Make Their Mark in 20 European Countries with Over 260 Stores

June 17, 2024 – Since September 2022, BYD has been actively expanding its presence in the European market, introducing multiple new energy vehicle models to 20 European countries including Germany, Britain, Spain, Italy, France, the Netherlands, Norway, and Hungary, through collaborations with various partners. The company has opened over 260 stores across these regions. Recently,…

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