China
Buffett invested in PetroChina Company Limited and in a rare move, posted a commentary[177] on Berkshire Hathaway's website stating why he would not divest over its connection with the Sudanese civil war that caused Harvard to divest. He sold this stake soon afterwards, sparing him the billions of dollars he would have lost had he held on to the company in the midst of the steep drop in oil prices beginning in the summer of 2008.
In October 2008, Buffett invested $230 million for 10% of battery maker BYD Company (SEHK: 1211), which runs a subsidiary of electric automobile manufacturer BYD Auto. In less than one year, the investment reaped over 500% return.[178]
In May 2018, BYD's shares had a substantial fall with a total net investment loss of $ 9 billion. This was Warren Buffett's worst investment in China.
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