Chinese EV Maker BYD To Raise $5.6 Billion To Fund Global Expansion
BYD, the Chinese electric vehicle juggernaut headed by billionaire Wang Chuanfu, intends to raise HK$43.5 billion ($5.6 billion) to deal with fierce competition at home and to expand abroad.
Chinese EV maker BYD announces share sale, floats Tesla collaboration
The electric vehicle maker has launched Hong Kong’s biggest listing in four years as it seeks cash for overseas expansion. View on euronews
EV-maker BYD seeks to raise $5.2 billion with share sale
The Chinese electric vehicle-maker plans to use proceeds from the share sale for investments in research and development.
Chinese EV maker BYD raises $5.6bn in share sale to drive overseas expansion
Tesla rival says follow-on Hong Kong offering is the biggest in the global automotive sector in a decade
China EV maker BYD sees sales soar by more than half as Tesla hampered by Model Y relaunch
BYD global EV sales jumped 56% in the first two months of this year, potentially putting it within arm’s reach of Musk’s carmaker.
Chinese Automaker BYD to Raise $5.6 Billion Via Share Placement
The Chinese automaker plans to raise $5.6 billion via a share placement to enhance investments in cutting-edge technology and strengthen its competitive edge over rival Tesla.
BYD Secures Major Funding Amid Global Expansion & EV Boom: Buy Now?
BYD Co. BYDDY has raised $5.59 billion in a primary share sale, marking the largest such deal in Hong Kong in four years. It had initially planned on selling 118 million shares but then increased the offering to 129.
BYD raises up to US$5 bln in its biggest post-IPO funding for research and global growth
The carmaker will use the proceeds from the share placement for research and development and overseas expansion.
China's BYD raises $5.59 billion in share sale, Hong Kong's largest in four years
Chinese electric vehicle maker BYD said on Tuesday it had raised $5.59 billion in a primary share sale that was increased in ...
BYD eyes third European plant amid tariff challenges
BYD, the world's largest electric vehicle manufacturer, is weighing the possibility of building a third factory in Europe.
China EV Giants Race Ahead as BYD, Li Auto, XPeng, and NIO Post Solid Deliveries in February
China’s electric vehicle (EV) makers are gaining momentum as demand for clean energy cars continues to grow. Li Auto (LI), ...
BYD shares nosedive after US$5.6 billion placement announcement
The EV maker’s rationale for the placement is reasonable, despite short-term share-price drop on the news, an analyst says.
BYD raises $5.6b in share sale, largest in Hong Kong in the past four years
Chinese electric vehicle (EV) giant BYD said on Tuesday that it raised HK$43.5 billion ($5.6 billion) in a share sale, making ...
GAC Aion UT EV Starts At $9,600 And It’s Packing A 260-Mile Range
The Chinese brand says the flagship model is good for 260 miles (420 km) of range.
Stock of the Day: Tesla drops as China-made EV sales plunge 49%
Tesla sold 30,688 China-made vehicles in February, a 49% plunge from a year ago. The data comes shortly after figures showed ...
Tesla's China-made EV sales fall to lowest since August 2022
Tesla's sales of its China-made electric vehicles dropped 49.2% in February from a year earlier to 30,688 cars, the lowest ...
Australia, with no auto industry to protect, is awash with Chinese EVs
The United States has effectively banned Chinese electric vehicles over concerns about unfair trading practices and national ...