Group 1 - Berkshire Hathaway has completely exited its investment in BYD, marking the end of a 17-year investment journey [1] - The initial investment of $230 million (approximately 1.637 billion RMB) grew to a value of $9 billion, yielding an astonishing return rate of 3890% [3] - The investment began in 2008 when Berkshire purchased 225 million shares of BYD, a decision initially met with skepticism but ultimately became a legendary success story [3] Group 2 - In August 2022, Berkshire started to reduce its stake in BYD, which had already appreciated by 41% to reach a value of $9 billion [3] - By June of the previous year, Berkshire had sold nearly 76% of its BYD shares, reducing its ownership to just below 5% of the total issued shares [3] - Despite not providing detailed reasons for the divestment, Warren Buffett indicated a search for more satisfactory investment opportunities [3] Group 3 - The success of this investment is attributed to the explosive growth of China's electric vehicle industry, with BYD evolving from a battery manufacturer to a global EV leader [4] - In the first half of this year, BYD's electric vehicle sales increased by 30% year-on-year, with a growing market share [4] - The decision to divest raises questions about whether the valuation of the EV industry has peaked or if Buffett has identified better investment opportunities [4] Group 4 - This 17-year investment with a 3890% return will be recorded in investment history, showcasing the allure of value investing and the rise of Chinese manufacturing [6] - Regardless of Buffett's exit, BYD continues to progress on an upward trajectory [6]