BYD Announces $5 Billion Share Sale for R&D and Global Expansion

The Chinese EV giant's largest fundraising since its 2002 IPO aims to support overseas growth, research, and production capacity.

BYD is launching a share sale in Hong Kong to raise up to $5.2 billion through an accelerated book-building process.
The offering involves 118 million shares priced between HK$333 and HK$345, representing a discount of up to 8.4% from its last closing price.
Proceeds will be allocated to research and development, overseas business expansion, working capital, and general corporate purposes.
BYD is expanding its global presence, including a $1 billion plant in Indonesia set to be completed by late 2025 and a new EV plant in Thailand with a capacity of 150,000 units annually.
This fundraising reflects growing investor interest in Chinese companies, as Hong Kong sees a resurgence in equity issuances following economic recovery efforts.