Core Viewpoint - Berkshire Hathaway has completely divested its stake in BYD, marking the end of a 17-year investment relationship that saw significant appreciation in BYD's stock value [1][2]. Group 1: Investment Timeline - Berkshire Hathaway began reducing its stake in BYD in August 2022, with its holdings falling below 5% by June 2023 [1][2]. - The market value of BYD shares held by Berkshire had increased by 41% to $9 billion before the reduction began [2]. - As of June 2024, Berkshire had sold nearly 76% of its BYD shares, leaving a holding slightly below 5% of BYD's circulating shares [2]. Group 2: Historical Context - Berkshire initially acquired 225 million shares of BYD in September 2008 at HKD 8 per share, representing about 10% of BYD post-placement [2][3]. - During the 17 years of holding, BYD's stock price surged approximately 3890% [4]. - Warren Buffett and Charlie Munger's decision to invest in BYD was influenced by Munger's strong belief in BYD's CEO, Wang Chuanfu, and his innovative capabilities [4]. Group 3: Recent Developments - A recent report indicated that the investment's book value had reached zero as of March 31, 2023, according to Berkshire Hathaway Energy's financial statements [2]. - Buffett acknowledged BYD as an "excellent company" but suggested that Berkshire would seek more reassuring uses for its capital [4].