New Energy Vehicles (NEVs) in China

tphuang

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coolgod

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China's BYD launches share sale to raise up to $5.2 billion, term sheet shows​

  • Summary
  • Companies
  • Share sale launched in price range of HK$333-HK$345/share
  • Up to $5.2 billion offering to be priced later on Monday
  • BYD has been expanding headcount and market presence
March 3 (Reuters) - Chinese electric vehicle maker BYD
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, has launched a sale of its Hong Kong shares to raise up to $5.2 billion via an accelerated book-building, according to a deal term sheet seen by Reuters on Monday.
The company has set a price range of HK$333-HK$345 per share for the offering, representing an up to 8.4% discount compared to the stock's market closing price of HK$363.60 on Monday.
The offering is expected to be priced on Monday, the term sheet said.
The stellar start reinforces hopes for a strong year in new equity issuances by Chinese companies in Hong Kong, as Beijing steps up support for its private enterprises to revive a slowing economy amid heightened geopolitical tensions.
The fundraising comes amid a hectic pace of hiring and expanding to other markets for BYD.
BYD plans to hire
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in Zhengzhou in the first quarter as it boosts production capacity, government-run Henan Daily reported last month.
The company also aims to complete its
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in Indonesia at the end of 2025, the head of its local unit said in January.
 
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ficker22

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China's BYD launches share sale to raise up to $5.2 billion, term sheet shows​

  • Summary
  • Companies
  • Share sale launched in price range of HK$333-HK$345/share
  • Up to $5.2 billion offering to be priced later on Monday
  • BYD has been expanding headcount and market presence

Bullish? Bearish? Stock did -7% today.

Personal Anecdote, here in Hamburg I have seen a lot more Seals this year already.
 

tphuang

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Bullish? Bearish? Stock did -7% today.

Personal Anecdote, here in Hamburg I have seen a lot more Seals this year already.
anytime you do stock buyback, stock price goes up.
When you do share sales, it goes down.
That's because # of available stock units increase or decrease when you do that.

Geely unveiled its ADAS offering today and cut prices to models that don't have ADAS


FAW and Leapmotor agree to work together on NEVs


2nd generation Yuan+ to be launched on Wednesday. Will come with DiPilot-100 and DiLink-100


Carfans 72 hour order report on Su7 Ultra

 

supersnoop

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anyways, Xiaomi Su7 Ultra detail from Lei Jun interview

The Su7 is the internet's favourite car and they know it
They brought the Ultra to Barcelona for Mobile World Conference
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Everyone loves to make that Porsche comparison (even themselves it seems), but hopefully the don't try to replicate the Taycan's 5000 battery recalls (using garbage LG cells that already forced a Jaguar buyback and huge Chevy Bolt recall)
 

iewgnem

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