For quite some time, Warren Buffett was a BYD investor via Berkshire Hathaway. If you tried to get into EV stocks after the Tesla exuberance started, you were already mostly too late.
> The filing by Berkshire’s energy subsidiary recorded the value of its BYD investment as zero as of the end of 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.
Warren Buffett’s fund exits BYD after a 17-year investment that grew over 20-fold in value - https://www.cnn.com/2025/09/22/investing/warren-buffet-berks... - September 22nd, 2025
That investment predates Xi Jinping's leadership.
This is fascinating, because from what I've heard, Warren Buffett did not favor tech stocks. Does anyone know what gave Buffett the faith that this company was a real deal?