Warren Buffett Exits BYD After 17 Years as Shares Drop 30% from Record High

BYD faces many problems. Sales in China have fallen for four straight months, and the company has dropped its annual sales target to 4.6 million vehicles. Price wars and rising competition are cutting into profits in China.

BYD thanked Berkshire Hathaway for the long-term support. Li Yunfei, the company’s branding and public relations head, said Buffett and Charlie Munger helped BYD grow for over 17 years. The company said the sale was a normal part of stock market activity.

Despite the drop, BYD remains a top player in the global EV market. The company is leading in Europe and Latin America and outpaces its competitors in technology and market share. Experts say Buffett’s exit shows a change in investor sentiment, but BYD’s future still looks strong.

Buffett’s stock sale shows how even seasoned investors adjust their plans to changing markets. This news reflects the rapid change occurring in the Chinese EV market. BYD faces severe competition and pricing pressure while remaining a major contender on the world stage in electric vehicle manufacture. Investors are eager to see how the company will deal with these challenges.

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