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Berkshire Hathaway fully sold its stake in BYD, ending a 17-year investment as the company faced declining sales and profit.
Warren Buffett’s Berkshire Hathaway has fully exited its 17-year investment in Chinese electric vehicle maker BYD, according to a regulatory filing, with the stake’s value dropping to zero by March 2025.
The investment, initially worth $230 million in 2008, grew over 20-fold before Berkshire began selling shares in 2022.
BYD reported its first quarterly profit decline in over three years, with domestic sales falling for four consecutive months amid intense competition and a government-led effort to curb price wars.
The company lowered its 2025 sales target by up to 16% to 4.6 million vehicles.
BYD acknowledged the exit as a normal market transaction and expressed gratitude for Berkshire’s support.
Berkshire Hathaway vendió por completo su participación en BYD, poniendo fin a una inversión de 17 años, ya que la compañía enfrentaba una disminución de las ventas y las ganancias.