BYD’s $5.6 Billion Share Sale to Power Worldwide Expansion

Kyle Chan is a Princeton-based researcher.

The Chinese electric vehicle giant BYD raised $5.6 billion in the largest Hong Kong share sale in four years. The cash injection will boost BYD’s “capacity to further advance its technological capabilities and accelerate its overseas expansion,” according to the filing.

BYD already has localized production lines underway in Hungary, Brazil, and Türkiye and has announced plans for several more, including in Mexico. The latter’s future is currently uncertain due to trade tensions with the United States. Some of this expansion is driven by tariffs imposed by developing countries aimed at sparking local production.

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by CGSP Staff

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