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Warren Buffett Just Dumped the Last of His BYD Stock. Should You Give Up, Too?
Yahoo Financeยท 2025-09-25 20:06
Group 1: Berkshire Hathaway's Investment Moves - Berkshire Hathaway has exited its position in Chinese electric vehicle company BYD after 17 years, with a previous stake valued at $415 million at the end of 2024, now reduced to zero by March 31, 2025 [3] - The announcement of Berkshire's exit from BYD led to a 3% decline in BYD's stock price, raising questions among investors about whether to follow Buffett's lead [3] Group 2: BYD Company Overview - BYD is the leading electric vehicle manufacturer in China, holding a 26.5% market share, significantly higher than the second-largest competitor, Geely [4] - In the first quarter of 2025, sales of battery-electric vehicles and plug-in hybrids in China reached 2.63 million units, representing a 43% increase year-over-year [4] - BYD has expanded its market presence to over 110 countries, with notable entries into the U.K., Brazil, and Singapore [5] - The company recently set a record for the world's fastest production car with its Yangwang U9 "Xtreme" supercar, achieving a top speed of 308 miles per hour [5] - BYD's market capitalization stands at $121.2 billion, with shares increasing by 27% over the past year, although this growth lags behind competitors Xiaomi (167%) and XPeng (122%) [6]