BYD
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BYD aims to raise $1.77 billion by issuing 50 million additional shares in Hong Kong
BYD's offering price offers a discount of about 7 percent to Friday's closing price.
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BYD's Q3 revenue up 22% year-on-year to $8.49 billion, net profit down 27.5%
BYD's revenue growth in the third quarter was primarily due to increases in its automotive and cell phone businesses.
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BYD gets HKEx's nod to spin off its semiconductor unit to A-share listing
BYD Semiconductor was established in October 2004, and BYD directly holds 72.3 percent of the shares.
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BYD reportedly to raise battery prices by at least 20% starting next month
BYD's reasoning is that the raw materials for lithium batteries have been rising due to market changes, power restrictions and production limitations.
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Daiwa Securities says it's reasonable if Tesla adds BYD as new LFP battery supplier
Daiwa Securities believes that 10 GWh of installed battery capacity could translate into close to 200,000 vehicles, which could be supplied not only to the Shanghai plant, but also to factories in Berlin or the US.
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BYD surges 6% to record high on China's A-share market as stocks in NEV sector rise broadly
BYD shares traded in Shenzhen are up about 35 percent since September 30.
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Apple's talks with CATL, BYD on EV battery supply largely stalled, report says
CATL, BYD refuse to build teams and factories in the US dedicated to catering to Apple, Reuters reports.
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BYD reportedly has secured 10 GWh of LFP battery orders from Tesla
Tesla said it is switching to LFP batteries for standard range vehicles globally, and BYD, which already has a factory in the US, has a better chance of winning as a supplier.
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BYD surges over 5% in Shenzhen as it maintains top-selling NEV brand in China in Sept
BYD's wholesale sales reached 70,432 units in September, ahead of Tesla China's 56,006 units, the CPCA data showed.
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BYD's more fuel-efficient hybrid version of Han begins road tests
If the BYD Han gets a DM-i version, it is expected to send deliveries of the sedan model, which already sells more than 10,000 units a month, even higher.
