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.
Tesla Rival BYD Raises $5.64 Billion Through Share Placement, Wants To Use Funds For Global Domination
BYD Company Limited, the world's leading electric vehicle manufacturer for three consecutive years announced a significant capital raise through a placement of new H shares to fund its ambitious global expansion plans and research initiatives.
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.
BYD Seeks to Raise Up to $5.2 Billion in Placement, Terms Show
Electric-vehicle maker BYD Co. is seeking to raise as much as HK$40.7 billion ($5.2 billion) in a primary placement, according to terms of the deal seen by Bloomberg News.
Chinese EV maker BYD raises $5.6bn in share sale to drive overseas expansion
China’s electric vehicle champion BYD said on Tuesday it had raised $5.6bn in the biggest share sale in Hong Kong in four years and the largest equity follow-on offering in the global automotive sector in a decade.
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 Raises $5.6 Billion in Upsized Hong Kong Share Sale
Chinese electric vehicle maker BYD Co. has raised HK$43.5 billion ($5.6 billion) after selling 10% more shares than planned, according to people familiar with the matter, in Hong Kong’s biggest share sale in nearly four years.
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
By Scott Murdoch SYDNEY (Reuters) -Chinese electric vehicle maker BYD said on Tuesday it had raised $5.59 billion in a ...
China EV maker BYD sees sales soar by more than half as Tesla hampered by Model Y relaunch
BYD global EV sales jumps 56% in the first two months of this year, potentially putting it in arms reach of Musk's carmaker.
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 ...
BYD cars now have an on-vehicle DJI drone launch platform
EV maker BYD unveiled “Lingyuan,” a vehicle-mounted drone launching system developed in collaboration with DJI that is ...
BYD considers third plant in Europe, to decide in next two years, Automobilwoche reports
Chinese EV giant BYD is considering building a third plant in Europe and will decide in 1-1/2 to two years whether to do so, ...
Geely follows BYD in making AI-powered pilot system available across all brands
Geely Auto, mainland China’s second-largest carmaker, said it would add its indigenous artificial intelligence (AI)-powered ...
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BYD raises US$5.6 billion in upsized Hong Kong share sale
Chinese electric vehicle maker BYD Co raised HK$43.5 billion (US$5.6 billion) in Hong Kong’s biggest share sale in nearly ...
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BYD reports growth in NEV production for February 2025
BYD has reported substantial increase in new energy vehicle (NEV) output for February 2025, compared to the same period last ...