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Berkshire Hathaway-Backed BYD Hits New All-Time High

Berkshire Hathaway-backed BYD’s stock jumped to a new all-time high on Friday, with the share price up a dramatic 22.67 percent in the past month.

Shares of BYDDF jumped +$1.38 (3.76%) to close at $38.10 on October 22, 2021.

BYD shares had been on a dramatic run since 2020, rising from $4.52 on March 20, 2020 to an intraday peak of $38.33 on Friday. The 52-week low was $17.05.

The sharp rise comes as BYD’s strong September car sales in China of 70,022 plug-in vehicles. September was the fourth month in a row that the company set a sales record.

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares for $232 million. It’s an investment that has paid off handsomely. Berkshire’s original investment of $232 million has grown in value to $5.897 billion as of December 31, 2020.

© 2021 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.