BYD sees Warren Buffett exit as routine, investors react with caution
Warren Buffett’s Berkshire Hathaway has fully sold its 17-year stake in Chinese electric-vehicle maker BYD, ending one of the most profitable foreign bets in the conglomerate’s history. The move, which comes after BYD shares surged nearly 3,900% during Berkshire’s holding period, has rattled investors, even as the Chinese automaker framed the divestment as routine. BYD…