Core Viewpoint - Berkshire Hathaway has completely exited its profitable equity investment in Chinese electric vehicle manufacturer BYD, marking a significant shift in its investment strategy [1][2]. Group 1: Investment Details - Berkshire began reducing its stake in BYD in August 2022, having initially purchased 225 million shares for $230 million (approximately 1.637 billion RMB) in 2008 [1]. - The value of Berkshire's BYD holdings increased by 41% in Q2 2022, reaching $9 billion [1]. - By June 2022, Berkshire had sold nearly 76% of its BYD shares, reducing its ownership to just below 5% of BYD's issued shares [1][2]. Group 2: Regulatory and Financial Reporting - According to Hong Kong Stock Exchange regulations, once a holding falls below 5%, Berkshire is no longer required to disclose subsequent sales [2]. - A financial document from Berkshire Hathaway Energy indicated that the value of the BYD investment was zero as of March 31, 2025, confirming the complete sale of the holdings [2]. Group 3: Historical Context and Performance - Berkshire first acquired BYD shares 17 years ago based on a recommendation from Charlie Munger, with Buffett previously describing BYD and its CEO Wang Chuanfu as extraordinary [2][3]. - During the period of Berkshire's ownership, BYD's stock price increased by approximately 3890% [3]. - Buffett has indicated a desire to find more satisfactory investment opportunities, despite acknowledging BYD as an exceptional company [3].