Etiqueta: BYD

BEIJING (Reuters) -Warren Buffett's Berkshire Hathaway has fully exited Chinese automaker BYD, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period. The filing by Berkshire's energy subsidiary recorded the value of its BYD investment as zero as of end-March, down from $415 million at the end of 2024. Buffett's company began investing in Shenzhen-based BYD in 2008, when it paid $230 million for about 225 million shares, equivalent to a 10% stake at the time.

“The conversion rate from test drive to purchase is outstanding in every market,” BYD’s Maria Grazia Davino told The Big Question.

BYD Co. shares dropped the most in three weeks after a report that Warren Buffett’s investment firm offloaded its stake in the Chinese electric-vehicle maker.

Berkshire Hathaway Inc. has exited its entire holding in BYD, according to a CNBC report on Sunday that also cited a spokesperson for the US firm confirming the development. A filing by Berkshire Hathaway Energy, the subsidiary that held BYD’s shares, listed the value of the investment as zero as of March 31, CNBC reported. The past two decades have seen BYD go from a little-known Chinese battery provider for cell phones to the nation’s biggest electric and hybrid vehicle maker.

Paolo Ardoino, the CEO of stablecoin issuing company Tether (CRYPTO: USDT), revealed on Sunday that major automobile companies have begun accepting USDT payments in Bolivia.

Berkshire began trimming its BYD holdings in 2022, cutting the stake to 54 million shares before fully exiting this year.

BYD's YangWang U9 Extreme has set a new speed record of 308mph, with the electric hypercar dethroning the Bugatti Chiron.

A BYD executive said this was a normal occurrence and expressed gratitude to Munger and Buffett for their recognition of BYD.

According to data compiled by the Gasgoo Auto motive Research Institute , from January to July 2025 BYD s passenger vehicle exports continued to grow steadily,

Over the weekend, BYD announced on a RedNote livestream that the U9 Xtreme version has now broken the overall production car top speed record, clocking in at 496.22 km/h (308.37 mph). The car had just set the EV top speed record of 472.41 km/h a few weeks ago.  In addition, in its first test at the Nürburgring, it set the EV lap record at 6:59.157. BYD also implied that the top speed was limited by the 500 km/h-rated tires, as the car was still accelerating at the recorded speed. And the lap time was also just the start, with the car electronically limited to 350 km/h.