Core Insights - Berkshire Hathaway has completely divested its stake in BYD Co. Ltd., leading to a 2.3% drop in BYD's shares in Hong Kong following the announcement [1] - The investment in BYD was valued at $415 million as of December 31, 2024, but was recorded as zero by Berkshire's energy unit by the end of March [2] - Berkshire Hathaway initially invested $230 million in BYD in 2008, acquiring approximately 10% of the company, and has since received billions in returns [3] Financial Performance - Berkshire's energy unit reported an $87 million gain related to its BYD investment in the first quarter, a significant improvement from a loss of $108 million in the previous year [4] - BYD's production of new energy vehicles increased by 21.04% year-over-year to 353,090 units, while sales rose by 23% to 373,626 units in August [5] - For the first half of fiscal 2025, BYD's profit attributable to equity holders increased by 13.79%, and revenue grew by 23.30% compared to the first half of 2024, driven by the growth in new energy vehicles [6]
China's BYD Stock Down On Reports Of Warren Buffett's Berkshire Hathaway Sells Out Stake