Warren Buffett's Berkshire Hathaway quietly made a $8.2 billion acquisition that taps into the electric-vehicle boom
shows. The deal promises to boost its exposure to the booming electric-vehicle industry.
The famed investor's conglomerate purchased 41.4% of Pilot Travel Centers for about $8.2 billion on January 31. The transaction lifted Berkshire's ownership of the business to 80%, as itPilot is the largest operator of travel centers in North America, with more than 650 locations. Under the Pilot Flying J, Pilot Travel Centers, and Mr.
Moreover, Pilot partnered with General Motors last year to establish a national network of 2,000 EV charging stations by 2026. It also intends to work with Volvo to develop a similar network for battery-powered trucks. Berkshire's controlling stake in the company should mean it benefits from those infrastructure buildouts.
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