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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

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.

Bloomberg on MSN · 13h

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.

Wall Street Journal · 21h

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

Forbes · 20h

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.

Zacks.com on MSN · 4h

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 the competitive auto market.

scmp.com · 1d

BYD raises up to US$5 bln in its biggest post-IPO funding for EV research, global growth

The carmaker will use the proceeds from the share placement for research and development and overseas expansion.

China EV maker BYD sees sales soar by more than half

Markets Insider on MSN · 8h

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.

Reuters · 11h

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 since August 2022, 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.

2hon 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.

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), ...

‘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 ...

23hon MSN

China's BYD raises $5.59 billion in share sale, Hong Kong's largest in 4 years

By Scott Murdoch SYDNEY (Reuters) -Chinese electric vehicle maker BYD has raised $5.59 billion in a primary share sale that ...

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 ...

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 ...

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 ...

7don MSN

Tesla rolls out self-driving tech in China after BYD offers it for free

Elon Musk's Tesla is under pressure in the world's largest car market from rivals including BYD that are fast expanding ...

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China's BYD raises $5.59 billion in share sale

BYD Secures Major Funding Amid Global Expansion & EV Boom

China EV maker BYD sees sales soar by more than half

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