Zhong Guo Zheng Quan Bao·2025-09-22 04:39Core Viewpoint - Berkshire Hathaway has been gradually reducing its stake in BYD since 2022, with the current holding dropping to 1.86% as of July 2024, despite the significant appreciation in BYD's stock price since its initial investment in 2008 [2][3]. Group 1: Berkshire Hathaway's Investment in BYD - Berkshire Hathaway began reducing its stake in BYD in 2022, with its share falling below 5% by June 2022 [2][3]. - As of December 2022, Berkshire held 164 million shares, representing 5.64% of BYD's total share capital [3]. - By October 2023, Berkshire's holdings decreased to approximately 87.6 million shares, or 3.01% of the total [3]. - As of July 2024, Berkshire's stake further declined to 54.2 million shares, equating to 1.86% of BYD's total share capital [3]. - The investment by Warren Buffett in BYD has yielded a remarkable return, with BYD's stock price increasing over 3000% from September 2008 to December 2024 [3]. Group 2: BYD's Financial Performance - In the first half of the year, BYD reported revenue of 371.28 billion yuan, marking a year-on-year increase of 23.30% [3]. - The net profit attributable to shareholders reached 15.51 billion yuan, reflecting a year-on-year growth of 13.79% [3]. - BYD's sales of new energy vehicles totaled 2.146 million units, representing a year-on-year increase of 33% [3]. Group 3: BYD's Strategic Expansion - BYD aims to leverage its leading position in new energy technology and products to expand its product line and enhance its overseas production and sales network [4]. - The company is focusing on building a global supply chain and establishing its own transportation capabilities [4]. - The launch of high-end brands such as Tengshi and Yangwang in various overseas markets is a key component of BYD's globalization strategy [4].