AsianFin -- Warren Buffett’s Berkshire Hathaway has fully divested from Chinese automaker BYD, a filing revealed, concluding a 17-year investment that saw its value soar more than 20-fold.

The filing from Berkshire’s energy subsidiary showed the BYD stake valued at zero at the end of March, down from $415 million at the close of 2024.

Berkshire initially invested $230 million in 2008 for roughly 225 million shares, representing a 10% stake in the Shenzhen-based company. The firm began selling its holdings in 2022 after BYD’s share price had risen dramatically.

CNBC first reported Berkshire’s exit on Sunday. The company did not immediately respond to a request for comment on Monday.

Li Yunfei, BYD’s general manager of branding and public relations, expressed gratitude on his official Weibo account, thanking Berkshire for its “investment, help and companionship over the past 17 years.”