Chinese EV giant BYD's general manager Li Yunfei on Monday said via his social media that buying and selling is normal in stock trading,in response to Berkshire Hathaway's exit from the company's stake,and expressed appreciation of Warren Buffett and Charlie Munger's recognition.

Li noted that in August 2022,Berkshire Hathaway began gradually reducing its holdings of the BYD's shares purchased in 2008,and by June last year,its stake had already fallen below 5 percent."Also,thanks for the past 17 years of investment,support,and companionship!Thumbs up for all long-termism!"Li said via Chinese X-liked social media Sina Weibo.

Warren Buffet's Berkshire Hathaway has completely exited its equity investment in the BYD,and has confirmed by a spokesperson from the US company,CNBC reported on Sunday,local time.

Berkshire Hathaway made its initial purchase of BYD's stake in 2008,and BYD shares increased by roughly 3890 percent during the years Berkshire Hathaway owned them,said the report.

On August 30,2022,the Hong Kong Stock Exchange website showed that Berkshire Hathaway sold 1.33 million BYD H-shares on August 24,2022,at an average price of HK$277.1016,cashing out HK$369 million.After this,Buffett gradually reduced his BYD holdings multiple times.

In July 2024,the Hong Kong Stock Exchange disclosed for the 16th time Berkshire Hathaway's reduction of its BYD holdings,and Berkshire's stake in BYD had fallen to 4.94 percent.

At the 2009 annual meeting,Charlie Munger,the then vice chairman of the Berkshire Hathaway,told shareholders that even though it looked like"Warren and I have gone crazy,"he saw the BYD and its CEO,Wang Chuanfu,as a"damn miracle,"according to the CNBC report.

According to the financial report,BYD achieved revenue of 371.3 billion yuan in the first half of 2025,up 23 percent year-on-year;net profit attributable to shareholders of the listed company was 15.5 billion yuan,up 14 percent year-on-year.