For the majority of the past two decades, Chinese EV-maker BYD has been able to hang its hat on the fact that famed investor Warren Buffett held a stake in its business. That’s no longer the case, according to a recent filing from Berkshire Hathaway.
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 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 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.
