Berkshire Hathaway Concludes 17-Year BYD Investment with Complete Exit

Warren Buffett’s Berkshire Hathaway has liquidated its entire stake in Chinese electric vehicle manufacturer BYD, concluding a remarkable investment journey that generated returns exceeding 3,800% over nearly two decades. This move places immediate pressure on the company’s shares while raising questions about broader underlying challenges.

Berkshire’s energy subsidiary now reports a zero-dollar valuation for its BYD holding, which had been worth $415 million as recently as late 2024. The original investment dates back to September 2008, when Berkshire acquired approximately 225 million shares for $230 million—representing a 10% stake in the company following a recommendation from the late Charlie Munger.

Financial markets responded swiftly to the divestment news. BYD’s Hong Kong-listed shares plummeted as much as 3.6% during the trading session,... Read more...