Berkshire Hathaway, the investment firm controlled by US billionaire investor Warren Buffett, has liquidated its holdings in Chinese electric vehicle (EV) maker BYD, closing out a 17-year run that generated a more than 30-fold increase for the leading investment conglomerate.
Berkshire Hathaway has been gradually reducing its holdings in the company since 2022, and with the exit, according to the company’s US 13F securities filings, now holds no stakes in China firms. While Buffet has made a significant profit from BYD, the current lack of China holdings suggests that he and the investment firm behind him recognize the headwinds in the country’s economy.