Overview

• The exit concludes a bet that delivered more than 20-fold gains after Berkshire bought about 225 million shares for roughly $230 million in 2008.
• Berkshire began cutting the holding in 2022 and fell below Hong Kong’s 5% disclosure threshold by June 2024, reducing visibility on further sales.
• Hong Kong-listed BYD shares slipped around 3% on Monday following the disclosure, with a Berkshire spokesperson confirming the full sale.
• BYD’s branding chief Li Yunfei thanked Berkshire and described the divestment as a normal stock investment transaction.
• BYD is facing near-term pressures, including a quarterly profit decline, four consecutive months of lower domestic sales, and a reduced 2025 sales target of about 4.6 million vehicles.