Berkshire Hathaway has fully divested from Chinese electric vehicle maker BYD after 17 years, according to CNBC’s Warren Buffett Watch. A first-quarter filing from Berkshire Hathaway Energy, the unit that held the shares, showed the investment marked at zero as of March 31, with a spokesperson confirming the position has been completely sold.
BYD’s head of public relations thanked Berkshire for its support since 2008, noting that the U.S. investor began paring its holdings in 2022. By mid-2024, Berkshire’s stake had already fallen below 5%, before the final exit this year. The investment had been one of Berkshire’s most profitable bets in Asia.
