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China's BYD raises $5.59 billion in share sale

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 size, making it the largest of its kind in Hong Kong in four years.

Financial Times · 2h

BYD’s share sale spotlights Hong Kong’s revival

BYD’s fundraising echoes the approach taken by many Chinese companies including Anta Sports, which raised $1.5bn in Hong Kong in a follow-on offering in 2023, to strengthen its financial position and accelerate its global expansion. Its subsidiary Amer Sports also pushed further into global markets, listing in the US last year.

Bloomberg on MSN · 2d

BYD’s $5.6 Billion Share Sale Gobbled Up By Long-Term Investors

Long-term investors snapped up a significant chunk of BYD Co.’s $5.6 billion stock offering, people familiar with the matter said, a vote of confidence in the electric-vehicle maker and Chinese equities more broadly.

Business Insider · 2d

BYD Stock Plunges on $5.6B Share Placement

Chinese electric vehicle giant BYD (BYDDF) said it raised almost $5.6 billion in a share sale on Tuesday, driving investors to offload the

GlobalData on MSN8h

BYD launches sales in Kazakhstan

China’s largest new energy vehicle manufacturer BYD Auto officially entered the Kazakhstan market last week in partnership ...

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 ...

2don MSN

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 ...

2hon MSN

BYD Pondering Third European Plant While Building Its First Two

During a recent interview in Germany, BYD executive vice-president Stella Li revealed that in the next 18-24 months, the ...

C&EN1h

Researchers tore down Tesla’s and BYD’s batteries

Today’s electric vehicles (EVs) mainly use batteries with cathodes made of lithium nickel manganese cobalt oxide (NMC) or lithium iron phosphate (LFP). Tesla and BYD, the world’s largest EV companies, ...

Zacks.com on MSN2d

BYD Secures Major Funding Amid Global Expansion & EV Boom: Buy Now?

BYDDY secures record funding to boost EV growth, expand globally and invest in advanced tech, strengthening its position in ...

3don MSN

BYD's latest challenge to Tesla is a drone on the roof

BYD, the Chinese EV giant and Tesla's arch rival, unveiled a vehicle-mounted drone system that lets drivers deploy the gadget ...

1don MSN

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.

Dronelife22h

Car-Maker BYD Introduces Roof-Mounted DJI Drone System for Select Models

BYD partners with DJI to introduce the Ling Yuan system, a roof-mounted drone for select models, enabling aerial footage on the go.

Interesting Engineering on MSN2h

Tesla vs. BYD: Engineers rip apart rival EV batteries to unlock design secrets

Batteries are the most expensive component of an EV and the most critical one. A lot of anxiety related to adopting an EV ...

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China's BYD raises $5.59 billion in share sale

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