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China's BYD raises $5.59 billion in share sale

Reuters on MSN · 13h

China's BYD raises $5.59 billion in share sale, Hong Kong's largest in four years

By Scott Murdoch and Zoey Zhang SYDNEY (Reuters) -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.

Global Times · 52m

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 it the largest share offering in the Hong Kong stock market in the past four years.

Bloomberg on MSN · 7h

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.

China EV maker BYD sees sales soar by more than half

Markets Insider on MSN · 2h

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 a plunge in European sales.

Tesla's China-made EV sales fall 29% in first two months of 2025

Tesla's sales of its China-made electric vehicles fell 28.7% in the first two months of 2025 from a year earlier, data showed on Tuesday, as the U.S. automaker faces pressure from Chinese rivals in a relentless smart EV price war.

Fortune on MSN · 1d

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.

14h

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 ...

3h

‘Our common enemy is…’: China’s BYD to work with Musk’s Tesla to combat petrol cars

Calling the Chinese car market “the homeland for innovation”, the BYD VP urged foreign companies to invest in the country ...

1d

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), ...

44m

Tesla shares extend tumble as China shipments halve in February

The US carmaker led by Elon Musk saw shipments plunge 49pc from a year earlier, according to preliminary data that China’s ...

20h

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 ...

1don 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 ...

4d

What International Car Companies Seeking Success In China Need To Know

China represents the largest market for Western car companies operating globally. Success in this market requires ...

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