Berkshire Hathaway ended a 17-year investment in BYD, reducing its stake to zero by June 30, 2025. The stake dated to 2008 when Berkshire held roughly 10% of BYD. In December 2024 the stake was valued at $415 million and was eliminated by mid-2025. The energy arm's broader investment portfolio fell from $1.3 billion to $950 million over six months while Treasury bill holdings rose to $39 million. BYD's Hong Kong-listed shares dropped about 3.35% to 109 HKD from a 2025 peak of 155 HKD. The exit followed slowing BYD profits and a Mexico tariff increase on Chinese vehicles.
"Berkshire's stake in the Tesla rival dates back to 2008, when it wrote in its annual report it owned a 10% stake in an "amazing Chinese company" named BYD, which was building the vehicle of "the future ... a new plug-in electric car." But according to a 10-Q form for Berkshire's energy arm filed for the period ending June 30, 2025, the Buffett-led company has reduced its stake to zero."
"The BYD sale comes as part of a reduction in the energy giant's investment portfolio as a whole, which has reduced to $950m from $1.3 billion six months prior. That being said, there was one area where Buffett and his team are buying: Treasury bills. Holdings of this asset increased from nothing to $39 million during the window from December to June. BYD's share price slipped on the news."
"The filing, seen by Fortune, reads that in December 2024, Berkshire held a stake in BYD worth $415m. Beside it, as of June 30, that stake had been reduced to zero. The company's Hong Kong dollar-denominated shares (more liquid than their Chinese yuan counterparts) were down 3.35% in trading today, sitting at 109 HKD compared to their 2025 peak of 155 HKD, which it hit back in May per Bloomberg."
Read at Fortune
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