Reports: BYD raises $5.6bn to 'accelerate overseas expansion'

Stuart Stone
clock • 3 min read
Credit: iStock
Image:

Credit: iStock

Chinese EV maker reveals landmark auto sector share sale in support of plans to 'put down roots' in Europe and accelerate the shift away from petrol and diesel cars

BYD has raised $5.6bn to accelerate its overseas expansion amid reports the Chinese electric vehicle (EV) maker plans to "put down roots" in Europe and is open to working with US rival Tesla to accelerate...

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Stuart Stone
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