It's no secret that Chinese automakers want in on the United States. In fact, in a pre-COVID world, several of them were in a race to get sales moving here. But an underdeveloped product line, and then increased geopolitical tensions and tariffs, have shut the door for now. At least, officially, every day, someone asks a BYD rep about American expansion plans, only to hear them admit there are no plans, and we should stop asking about it.
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.