Overview

• Berkshire Hathaway confirmed to CNBC that it sold its remaining BYD stake, ending a long-held position in the Chinese automaker.
• BYD fell roughly 3% in Hong Kong trading after the confirmation, with intraday declines reported at about 3.4%.
• A Berkshire affiliate had already marked the BYD investment at zero by the end of the first quarter, signaling the wind-down was effectively complete months earlier.
• Berkshire began trimming the position in 2022 and dropped below Hong Kong’s 5% disclosure threshold in 2024, limiting subsequent public reporting.
• BYD acknowledged the exit as normal market activity and thanked Warren Buffett and Charlie Munger, while facing softer China sales and a reduced annual target of about 4.6 million vehicles.