China's BYD raises $5.59 billion in share sale

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'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.
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.
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 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
BYD Wants To Work With Tesla To Shift Industry To EVs
Of course, Li isn’t talking about teaming up with Tesla to co-develop a new vehicle. Instead, she believes that major EV ...
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BYD launches sales in Kazakhstan
China’s largest new energy vehicle manufacturer BYD Auto officially entered the Kazakhstan market last week in partnership ...
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Researchers tore down a Tesla and BYD battery to see which one’s better
When it comes to raw energy storage, Tesla’s 4680 cell has a clear advantage in both gravimetric and volumetric energy ...
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 ...
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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 ...
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 ...
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Thanks To BYD, You Can Now Launch A Drone from The Roof Of Your Car
As part of a collaboration, Chinese automaker BYD and drone specialist DJI this week unveiled the Lingyuan ‘in-car drone system’ during a launch event in Shenzhen, the aim of which, according to ...
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 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 ...