BYD shares tumble after Berkshire Hathaway divestment

BYD shares (HKSE: 1211.HK) on the Hong Kong stock exchange tumbled nearly 12 percent today after Berkshire Hathaway divested 1 million shares from the company. According to Fortune, Warren Buffet’s Berkshire Hathaway has been invested in BYD since 2006 and has made roughly $7 billion in profit from an initial $232 million investment. While the […]

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Toyota to triple its planned investment in US EV battery factory

Toyota has announced that it is boosting its planned investment for a new electric vehicle battery plant in the United States. Previously, the Japanese automaker was looking to invest $1.29 billion. This number has now been raised to $3.8 billion.  The automaker noted on Wednesday that its larger investment is partly a response to the […]

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