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Buffett’s Berkshire Hathaway exits its BYD position

Warren Buffett and Charlie Munger’s bet on BYD gave the automaker some of its first international exposure. By Stewart Burnett

Warren Buffett’s Berkshire Hathaway has sold the last of its shares in BYD, ending a 17-year investment in the Chinese automaker. The company confirmed the exit after Berkshire Hathaway Energy reported the holding as zero in its first-quarter filing, marking the conclusion of one of Buffett’s most lucrative bets.

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