(BRK.A), (BRK.B)
Berkshire Hathaway-backed BYD Co., Ltd. is the fast rising automaker in brand value according to Brand Finance.
“BYD (brand value US$6.4 billion) is the fastest-growing brand in the sector with a 100% brand value increase,” Brand Finance reported as part of its Global 500 Annual Report 2022.
Brand Finance evaluates the strength and value of more than 5000 global brands across various sectors every year.
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 had grown in value to $5.897 billion as of December 31, 2020.
© 2022 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.