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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

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.

Financial Times · 6h

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.

Bloomberg on MSN · 2d

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.

The Wall Street Journal on MSN · 2d

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.

Business Insider · 2d

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

13mon MSN

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 ...

2d

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 ...

GlobalData on MSN12h

BYD launches sales in Kazakhstan

China’s largest new energy vehicle manufacturer BYD Auto officially entered the Kazakhstan market last week in partnership ...

4m

Tesla’s February sales slump in China as buyers turn to domestic rivals BYD, Xiaomi, Xpeng

Sales of the Model Y and Model 3 on the mainland sink 51.5 per cent month-on-month to 30,688 units in February.

6hon MSN

BYD Pondering Third European Plant While Building Its First Two

During a recent interview in Germany, BYD executive vice-president Stella Li revealed that in the next 18-24 months, the ...

ZME Science on MSN3h

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 ...

Zacks.com on MSN2d

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 ...

3don 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 ...

Interesting Engineering on MSN6h

Tesla vs. BYD: Engineers rip apart rival EV batteries to unlock design secrets

Batteries are the most expensive component of an EV and the most critical one. A lot of anxiety related to adopting an EV ...

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