Etiqueta: DeepSeek

(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

Chinese electric vehicle maker BYD is aiming to raise as much as 40.7 billion Hong Kong dollars ($5.2 billion) in what would be Hong Kong’s biggest share sale in nearly four years. The company is offering 118 million shares at 333 to 345 Hong Kong dollars each, according to terms of the deal seen by Bloomberg News. That implies a discount of up to 8.4 percent to BYD’s closing price on Monday, according to Bloomberg calculations. The transaction marks Hong Kong’s biggest share sale since food-del

The company is offering 118 million shares at HK$333 to HK$345 each, according to terms of the deal seen by Bloomberg News. That implies a discount of...

China appears to be going from copycat to pioneer across a number of technologies. What does that mean for the U.S. and the world?

Tesla (TSLA) and BYD (BYDDF) are two leading EV manufacturers vying for one of the hottest new business segments in the market. Tesla is a U.S. company, while BYD hails from China, so there is more than just market competition between these two EV giants. Both firms intend to dominate the EV market in the coming years, but how they go about it is somewhat different. China is determined to solidify its position as the world’s dominant superpower but often finds itself trailing behind industry lea

Aside from unfavorable comparisons to rival advanced driver systems, calling it God’s Eye could be as misleading a moniker as Tesla’s Full Self-Driving.

BYD launches its “God’s Eye” system, bringing autonomous driving to its entire vehicle lineup, including the affordable $9,500 Seagull EV.

BYD, Geely Auto and XPeng have been highlighted in this Industry Outlook article.

Chinese NEVs are about 3-5 years ahead of the rest of the globe, said BYD's Wang Chuanfu, calling for a more open world.

The collaboration signals a wave of AI integration in EVs, further bolstering DeepSeek’s influence.