Chinese electric vehicle maker BYD looks to raise $3.9b through sale of new shares

Chinese electric vehicle maker BYD looks to raise $3.9b through sale of new shares

Photographer: Qilai Shen/Bloomberg

Chinese automaker BYD, which is investing heavily in electric cars and batteries, has announced a plan to raise HK$29.9 billion ($3.9 billion) through a sale of new shares amid bullish market sentiments over the prospects for new energy vehicles.

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