The electric vehicle maker has launched Hong Kong’s biggest listing in four years as it seeks cash for overseas expansion. View on euronews

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.

The Chinese electric vehicle-maker plans to use proceeds from the share sale for investments in research and development.

BYD global EV sales jumps 56% in the first two months of this year, potentially putting it in arms reach of Musk's carmaker.

Tesla rival says follow-on Hong Kong offering is the biggest in the global automotive sector in a decade

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. Julian Satterthwaite reports.