BYD’s July EV Sales Up 183% Over 2021

(BRK.A), (BRK.B)

In July 2022, Berkshire Hathaway-backed BYD sold a total of 162,530 new energy vehicles, which includes 162,214 new energy passenger vehicles.

The sales represent a 183% YOY increase from July 2021.

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 $7.69 billion as of December 31, 2021.

© 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.

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