Overview
- A Berkshire spokesperson confirmed the sale after Berkshire Hathaway Energy’s quarterly report marked the BYD holding at zero as of March 31, down from $415 million at year‑end 2024.
- Berkshire originally bought about 225 million BYD shares for roughly $230 million in 2008 at Charlie Munger’s urging, with the investment rising more than twentyfold over time.
- The firm began trimming the position in August 2022 and by mid‑2024 had fallen below Hong Kong’s 5% disclosure threshold, allowing further sales without routine updates.
- BYD’s Hong Kong‑listed shares fell roughly 3% following the reports, and PR chief Li Yunfei thanked Berkshire on Weibo while calling the stake sale a normal investment action.
- The exit coincides with headwinds at BYD, including slowing domestic sales, a year‑over‑year profit decline, and a lowered 2025 sales target to about 4.6 million vehicles.