Home » Business » After Xpeng and Nio: BYD gets fresh money – shares under pressure

After Xpeng and Nio: BYD gets fresh money – shares under pressure

The BYD share has seen a strong price rally: In the past 12 months, the electric car manufacturer’s shares have climbed by around 370 percent. After Xpeng and Nio had already used the sharp rise in their shares to carry out a capital increase, BYD has now apparently also raised fresh money on the stock exchange.

According to reports from the news agency Bloomberg The Chinese automaker collected around US $ 3.6 billion in the sale of 121.1 million shares at prices ranging from 222 to 228 Hong Kong dollars per share. BYD intends to use the money for corporate purposes, such as research and development or to repay liabilities.

BYD raised fresh capital by issuing the new shares. Since the issue price of the new shares is between 6.6 and nine percent below today’s closing price of 244 Hong Kong dollars, the stock is likely to remain under pressure. Nevertheless, thanks to the blade battery and its own range of models, BYD is well positioned to benefit from the trend towards electromobility. Those who have already invested are therefore holding onto the papers.


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