Automundo China

The Chinese automaker plans to raise $5.6 billion via a share placement to enhance investments in cutting-edge technology and strengthen its competitive edge over rival Tesla.

China ‘more open’ to foreign business than the west, says executive vice-president Stella Li

BYDDY secures record funding to boost EV growth, expand globally and invest in advanced tech, strengthening its position in the competitive auto market.

Cleary Gottlieb represents the placement agents in BYD’s HK$43.5 billion H-share placement.

Geely says AI-powered pilot system would be added to all of its brands, including Galaxy, Zeekr and Lynk.

Chinese electric vehicle maker BYD has raised $5.95 billion in a primary share sale that was increased in size, according to a term sheet seen by Reuters on Tuesday. (This story has been refiled to add the company's name in paragraph 1)

Will Tesla Stock Plunge 40% in a Year? Here’s What Guggenheim Expects Tesla (NASDAQ: TSLA) investors have faced…

(Bloomberg) -- Chinese electric vehicle maker BYD Co. has raised HK$43.5 billion ($5.6 billion) after selling 10% more shares than planned, according to people familiar with the matter, in Hong Kong’s biggest share sale in nearly four years. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyRemembering the Landscape Architect Who Embraced the CityHow Upzoning in Cambridge Broke the YIMBY MoldNYC Office Buildings See Resurgence as Investors Pile Into BondsHong

Elon Musk's recent political decisions as an advisor to Donald Trump are already affecting Tesla's sales in Europe. Tesla sold fewer than 10,000 units in Europe last mont