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.

It began selling those shares in 2022 after BYD’s share price had risen more than twentyfold.

Berkshire did not immediately respond to a request for comment on Monday. CNBC first reported Berkshire exiting its stake on Sunday.

Li Yunfei, BYD’s general manager of branding and public relations,

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