BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Warren Buffett Exits BYD After 17 Years as Chinese EV Maker Faces Domestic Sales Slump
Warren Buffett Exits BYD After 17 Years as Chinese EV Maker Faces Domestic Sales Slump
22
2
BTCCSquare news:
Berkshire Hathaway has fully divested its stake in BYD Company, marking the end of a 17-year investment that saw shares soar nearly 3,900%. The exit comes as BYD's domestic sales decline for four consecutive months, raising questions about the electric vehicle maker's growth trajectory.
Buffett's initial $230 million wager in 2008 exemplified his 'be greedy when others are fearful' philosophy. The recent divestment, executed through gradual sales since 2022, now reflects the inverse approach - exiting as Optimism peaks. BYD's reliance on China's market, accounting for 80% of shipments, appears increasingly precarious amid weakening demand.
By:
