Overview

• Berkshire confirmed the complete sale of its BYD stake, and a BHE quarterly report listed the investment’s value as zero as of March 31, 2025.
• The position began in 2008 with about 225 million shares purchased for roughly $230 million at Charlie Munger’s urging.
• Berkshire started reducing its holding in August 2022 and slipped under the 5% disclosure line by mid-2024, limiting required updates on later trades.
• BYD’s Hong Kong-listed shares fell roughly 3% following the disclosure and company acknowledgments of Berkshire’s exit.
• The automaker is contending with softer domestic demand, a near-30% year-over-year quarterly profit drop, and a lowered 2025 sales target to about 4.6 million vehicles.