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China's BYD raises $5.59 billion in share sale

Hosted on MSN · 22h

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 · 16h

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 · 1d

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.

China EV maker BYD sees sales soar by more than half

Hosted 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 jumped 56% in the first two months of this year, potentially putting it within arm’s reach of Musk’s carmaker.

Markets Insider on MSN · 12h

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.

Asharq Alawsat (English) on MSN · 11h

Tesla's China-Made EV Sales Fall to Lowest Since August 2022

BEIJING (Reuters) -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.

1d

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 ...

6hon 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.

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), ...

13h

‘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 ...

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 ...

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 ...

1d

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 ...

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