Berkshire Hathaway Exits $9B Stake in BYD After 17 Years

Warren Buffett's Berkshire Hathaway has completely exited its 17-year investment in Chinese electric vehicle maker BYD, marking the end of a successful stake that grew over 20-fold from an initial $230 million investment in 2008. Berkshire began reducing its holdings in 2022, eventually selling all shares by early 2025, with filings showing the BYD stake valued at zero by March 31, 2025. BYD, China's largest EV and hybrid manufacturer, has faced recent challenges including a government crackdown on price wars and declining domestic sales, leading to a lowered annual sales target. The exit by Berkshire Hathaway has caused BYD shares to fall as much as 3.6% in Hong Kong, the biggest drop in three weeks, reflecting investor concerns. Despite this, analysts believe Berkshire's divestment will not affect BYD’s long-term fundamentals amid intensifying competition in China's EV market. BYD publicly acknowledged Berkshire's exit, thanking the firm for its long-term support and partnership.