Xin Lang Cai Jing·2025-09-21 14:08Core Viewpoint - Berkshire Hathaway has completely exited its stake in electric vehicle manufacturer BYD, marking the end of a 17-year investment that yielded significant returns [1] Investment Details - The investment began in 2008 when Berkshire's subsidiary, China Energy Company, subscribed to 225 million shares of BYD for $230 million, acquiring a 9.89% stake [1] - Over the 17 years of holding, BYD's stock price increased by approximately 3890%, generating substantial profits for Berkshire [1] - In Q2 2022, the market value of this investment surged by 41%, reaching $9 billion [1] Divestment Timeline - Starting in August 2022, Berkshire began to reduce its holdings, selling nearly 76% of its shares by June 2023, bringing its stake below 5% [1] - Following the reduction, Berkshire was no longer required to disclose further sales under Hong Kong Stock Exchange rules [1] - By Q1 2024, Berkshire Hathaway Energy's financial report indicated that the investment's value had dropped to zero, confirming the complete sale of the stake [1] Management Commentary - Warren Buffett has not provided detailed reasons for the divestment but acknowledged BYD as a "remarkable company" operated by "remarkable people," while expressing a desire to find "more reassuring uses for capital" [1]