BYD "attempts to raise $ 5.2 billion by offering shares

Byd -Chinese electric cars seek to raise up to $ 40.7 billion Hong Kong ($ 5.2 billion) through a preliminary launch of shares, which is expected to be the largest sale of shares in Hong Kong for almost four years. Towd was subjected to approximately 118 million shares at a price of between 333 and 345 Hong Konji dollars per share according to the terms of the adjective Bloomberg News saw. This reflects a discount of up to 8.4% compared to the price of the “atd” share of $ 363.60 Hong Congy, according to Bloomberg accounts. This transaction is the largest stock sale in Hong Kong, as the Meituan eating business collected 10 billion in 2021 through an extra offer and convertible bonds. The Byd Agreement also increases expectations between the manufacturers of transactions that Chinese stock sales are ready to recover after years of refuge. How does “Byd” Customs exceeded duties? The agreement comes to a strong performance of the Chentine -based car business, which sold more than 318 thousand electric and hybrid passengers last month, an increase of 161% year -on -year. The company also recorded another record for external sales, which amounts to 67025 units. The new capital can support the global expansion of the business as it looks forward to localizing production in different places around the world to overcome customs lies manufactured on electric cars in China. The CEO “Stella Lee” said last week that the company wants to build a third factory in Europe, and a decision can be made regarding the possible location in the next year and a half. Chinese businesses have taken advantage of the last height to raise more funds, thanks to the excitement surrounding the penetration that the company “dexsek” in the field of artificial intelligence and the meeting of President Xi Jin with prominent entrepreneurs. BYD is likely to use the 46% increase in Hong Kong since the lowest level in January. This contrasts sharply with the decrease of “Tesla” by 26% during the same period. The company aims to deliver 5 to 6 million electric and hybrid cars this year, higher than 4.27 million in the past year. The company ended the seventh largest group of cars in the world, according to the data collected by Bloomberg. However, it was unable to overcome Tesla as the largest seller of electric car in the world with less than 25,000 units. Towd is scheduled to exceed its competition, “Tesla”, managed by Elon Musk in the annual income, and heading for the first time for 2024 $ 100 billion.