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Buffett's Berkshire totally exits its profitable stake in Chinese EV maker bought because of Munger
CNBCยท2025-09-21 12:03

Group 1 - Berkshire Hathaway has completely exited its profitable stake in Chinese electric vehicle maker BYD, which it initially invested in 2008 for $230 million [1][3] - The value of Berkshire's position in BYD had increased by 41% during the second quarter of 2022, reaching $9 billion, before the company sold almost 76% of its stake by June 2022 [2] - The entire BYD position was confirmed to be sold as of March 31, 2023, with the investment value listed as zero in Berkshire Hathaway Energy's financial filing [3] Group 2 - Berkshire's initial investment in BYD resulted in a remarkable increase of approximately 3890% during the holding period [4] - Warren Buffett described BYD as an "extraordinary company" but indicated a preference for reallocating the funds to other opportunities [5] - The sale of BYD shares coincided with Berkshire's divestment from Taiwan Semiconductor, reflecting a reevaluation of geopolitical risks [5]