Billionaire Warren Buffett’s holding decided to get rid of 1.1 million shares of the Chinese electric car manufacturer

Berkshire Hathaway, the investment company owned by U.S. billionaire Warren Buffett, sold 1.058 million Hong Kong-listed shares of electric car maker BYD at an average price of HK$191.44 ($24.52) per share.

The sale reduced Berkshire’s stake in the total number of H shares issued by BYD to 13.97 percent on Jan. 3 from 14.06 percent as shown on the Hong Kong Stock Exchange Monday.