BYD has confirmed that Berkshire Hathaway completely sold off its remaining shares earlier this year, ending a 17-year run that began in 2008. The Chinese electric vehicle maker responded on Weibo, where public relations executive Li Yunfei wrote: “In August 2022, Berkshire began gradually reducing its holdings of company shares purchased in 2008, and by last June, its stake had fallen below 5% … Investing in stocks involves both buying and selling, which is completely normal … We are grateful for Charlie Munger’s and Warren Buffett’s recognition of BYD, as well as for the investment, support, and companionship over the past 17 years … Praise to all long-term believers!”