Buffett’s Berkshire Totally Exits Its Profitable Stake In Chinese EV Maker Bought Because Of Munger

Berkshire Hathaway has completely exited its extremely profitable equity investment in the Chinese electric vehicle maker BYD.

In August 2022, Berkshire began to reduce the 225 million share position it had purchased in 2008 for $230 million.

That followed a 41% jump in the value of the position during that year’s second quarter to $9 billion.

By June of last year, Berkshire had sold almost 76% of its stake, bringing it just under 5% of BYD’s outstanding shares.

By crossing below that level, Berkshire no longer had to disclose subsequent sales under the Hong Kong exchange’s rules, so as far as we knew the company owned 54 million shares.