Warren Buffett's Berkshire Hathaway has fully exited its position in Chinese electric vehicle maker BYD Company, ending a 17-year investment that generated staggering returns. The investment firm began selling BYD shares in 2022 after a massive run-up in share price and recently completed the divestment, according to SEC filings. Berkshire's initial $230 million investment in 2008 for roughly 225 million shares, representing about 10% of the company at the time, had increased in value by approximately 3,890% over the holding period.

The timing of Berkshire's exit coincides with challenging market conditions for BYD in its home market. The Chinese automaker has seen domestic sales, which account for roughly 80% of its global shipments, decline for four consecutive months as of August. In response to these market pressures, BYD has reduced its annual sales target by as much as 16%, down to 4.6 million vehicles. These developments come despite BYD's remarkable growth trajectory that saw it quickly dominate China's EV market before expanding globally.

BYD has maintained competitive advantages through vertical integration and technological innovation. The company has developed cheaper electric vehicles than competitors like Tesla while offering more powerful charging capabilities. Earlier this year, BYD released EV charging technology capable of adding nearly 250 miles of range in approximately five minutes. These innovations contributed to BYD surpassing Tesla in annual revenue with roughly $107 billion in 2024, while capturing 32% of China's EV market compared to Tesla's 6.1%.

The Chinese EV market has become increasingly competitive, prompting BYD to implement aggressive pricing strategies. The company recently launched two new electric versions of its Qin Plus EV sedan with prices starting as low as the equivalent of $19,200, representing a reduction of over $4,000 from its initial launch price of $23,500 in early 2024. This follows broader price cuts across multiple battery electric and plug-in hybrid models in China, with some models reduced by up to 30%. Despite these challenges, BYD has announced expansion plans targeting half of its sales to come from outside China by 2030.

A man in his 50s remains in life-threatening condition after sustaining a serious head injury during an altercation with door staff outside licensed premises in Lurgan, County Armagh. The incident occurred in the early hours of Sunday morning around 12:55am in the William Street area of the town, according to police statements from the Police Service of Northern Ireland (PSNI).

Detective Inspector Handley confirmed that the man had been attempting to re-enter the licensed premises when he became aggressive toward two members of the door staff. Police reports indicate that the door staff pushed the man backward, causing him to fall and strike his head on the ground, resulting in the serious head injury that now threatens his life.

The door staff provided immediate medical treatment to the injured man before he was transported to hospital, where he remains in critical condition. Police have not released additional details about the man's identity or current medical status, focusing instead on their ongoing investigation into the exact circumstances surrounding the incident.

PSNI detectives are continuing their enquiries and have appealed for witnesses or anyone with information, CCTV footage, or mobile phone recordings of the incident to come forward. The police reference number for the investigation is 75 of 19/10/25, and information can be provided through multiple channels including the PSNI website or anonymously via Crimestoppers.