BYD Launches $5.2 Billion Share Sale to Support Global EV Expansion

The Chinese automaker plans to use the funds for overseas growth, research and development, and new production facilities.

BYD aims to raise up to $5.2 billion through a Hong Kong share sale, marking its largest post-IPO fundraising since 2002.
The shares are being offered at a price range of HK$333 to HK$345, representing a discount of up to 8.4% from the previous closing price.
Proceeds will be allocated to research and development, overseas expansion, and general corporate purposes, including new factories in Hungary and Mexico.
BYD plans to increase overseas sales to 50% of its total revenue, up from 30% in the first half of 2024, as it seeks to outpace competitors like Tesla.
The company sold over 4 million EVs in 2024 and aims to deliver 5 to 6 million vehicles in 2025, bolstered by localized production to bypass tariffs.