The electric vehicle maker is aiming to build a facility to produce its Blade Battery, which it claims is safer than other alternatives in the market

This is the second time in a week that Berkshire Hathaway reduced its stake in the Chinese electric vehicle maker

The investment company has gradually reduced its holding in the rapidly expanding Chinese EV-maker by more than a third

Chief executive Elon Musk said the EV-maker's 2023 deliveries could hit 2 million vehicles, so long as there were no external disruptions

The leading EV-maker has opened its first dealership in auto powerhouse Japan and aims to open 100 more by 2025

The Shenzhen-based automaker sold 1.86 million cars last year and is forecasting a net profit of up to $2.52 billion, five times its 2021 figure

Representatives from Ford's German management are scheduled to visit China in the upcoming week to examine the possibility of selling the facility

Warren Buffett-backed BYD took the lead among Chinese electric-car makers, with a 152.5% increase in EV deliveries

The carmaker, which outsold EV rival Tesla in China last year, has been expanding in Singapore, Japan and Europe

Buffet’s Berkshire Hathaway also traded $80.7 million worth of Hong-Kong listed shares in the Chinese automaker in November

BYD captured China's middle-class market with affordable and locally made EVs, pushing ahead of Elon Musk's Tesla, the SCMP said

The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023 that it announced last month