Warren Buffett’s Berkshire Hathaway has fully vended its stake in Chinese electric auto mammoth BYD, ending a 17- time investment that multiplied further than 20 times in value.
A nonsupervisory form from Berkshire’s energy arm showed the value of its BYD shares listed as zero at the end of March, down from$ 415 million at the end of 2024.
Berkshire first invested in Shenzhen- grounded BYD in 2008, buying about 225 million shares for$ 230 million, which represented a 10 stake at the time.
Berkshire did n’t incontinently respond to requests for comment on Monday. CNBC first reported the exit on Sunday.
Li Yunfei, BYD’s general director of branding and public relations, posted on Weibo thanking Berkshire for its “ investment, help and fellowship over the once 17 times, ” calling the trade a “ normal ” stock trade. BYD itself has not yet reflected further.
BYD, seen as Tesla’s biggest rival, lately reported its first daily profit drop in three and a half times as its rapid-fire expansion braked amid a government push to check price wars.
Domestic deals, which regard for nearly 80 of BYD’s global shipments, fell for a fourth straight month in August. The company has also cut its periodic deals target by over to 16 to 4.6 million vehicles.
