AsianFin -- Chinese electric vehicle giant BYD said Monday that stock trading is a normal part of the market, following Warren Buffett’s Berkshire Hathaway fully exiting its stake in the company.

Li Yunfei, BYD’s general manager, took to Chinese social media platform Sina Weibo to address the move, expressing gratitude toward Buffett and longtime business partner Charlie Munger. “Also, thanks for the past 17 years of investment, support, and companionship! Thumbs up for all long-termism!” Li wrote.

Li noted that Berkshire Hathaway had gradually reduced its holdings in BYD since August 2022, after first purchasing shares in 2008. By June 2024, the U.S. investment firm’s stake had already fallen below 5 percent.

Berkshire Hathaway’s complete exit from BYD was confirmed by a company spokesperson and reported by CNBC on Sunday local time. The firm originally bought a 10 percent stake in BYD for roughly $230 million. During Berkshire Hathaway’s 17-year holding period, BYD shares surged approximately 3,890 percent, marking one of the most successful long-term investments in the EV sector.