· 2d
Chinese EV Maker BYD To Raise $5.6 Billion To Fund Global Expansion
Tesla Rival BYD Raises $5.64 Billion Through Share Placement, Wants To Use Funds For Global Domination
BYD Company Limited, the world's leading electric vehicle manufacturer for three consecutive years announced a significant capital raise through a placement of new H shares to fund its ambitious global expansion plans and research initiatives.
· 3d
EV-maker BYD seeks to raise $5.2 billion with share sale
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 global EV sales jumped 56% in the first two months of this year, potentially putting it within arm’s reach of Musk’s carmaker.
Living with the smallest pickup in the United States The European Union imposed additional tariffs on Chinese electric vehicle imports last year, prompting major Chinese automakers to rethink their strategies.
EV maker BYD unveiled “Lingyuan,” a vehicle-mounted drone launching system developed in collaboration with DJI that is available for all of the company’s vehicles, reports Chinese state media outlet Xinhua. The system is only available in China, like BYD’s vehicles, and costs 16,000 yuan (or about $2,197).
Truist Financial Corp grew its holdings in Boyd Gaming Co. (NYSE:BYD – Free Report) by 20.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,
BYD partners with DJI to introduce the Ling Yuan system, a roof-mounted drone for select models, enabling aerial footage on the go.
BYD adds a new drone system to autonmous driving system as a new premium feature for its EVs, teams with Chinese drone company DJI.
The company is offering 118 million shares at HK$333 to HK$345 each, according to terms of the deal seen by Bloomberg.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback