Billionaire Buffett may raise stake in carmaker


HONG KONG/BEIJING: Billionaire investor Warren Buffett has discussed the possibility of raising his 10% stake in car and battery maker BYD Co Ltd, a Chinese newspaper reported yesterday, sending BYD shares up over 4%.

“We wouldn’t comment on what we are going to do,” Buffett said on the sidelines of an event in Beijing when asked about the prospect of increasing his BYD stake.

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