Looking for a Chinese Electric Vehicle Stock? Just Ask Warren Buffett
Can you name the electric vehicle (EV) maker that was in the top 10 stocks by market value owned by Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) at the end of 2020? It might help to also know that the Berkshire investment has gone up 25 times in value as of Dec. 31, 2020, since the company initiated the investment in 2008.
It's not Tesla (NASDAQ: TSLA), which Berkshire invested in early, but rather Chinese EV company BYD (OTC: BYDDY). And Berkshire owns more than 8% of the diversified EV and battery manufacturer. Investors may be surprised to know that even though NIO (NYSE: NIO) and others get more press, BYD has by far the most electric vehicle sales in China.
BYD Han luxury electric sedan. Image source: BYD.
Source Fool.com
