BYD Bolsters Global Expansion with Stock Buybacks and New EV Models
TL;DR Summary
BYD, the world's leading EV maker, is expanding into new segments with luxury EVs and mid-size electric SUVs after a record-breaking sales quarter. To fuel its global expansion, the company announced a stock buyback plan as its share prices have fallen. BYD's overseas expansion may include introducing higher-end models in Europe, and the company's stock, along with other EV stocks, has rebounded after a recent dip.
- BYD is buying back stock to fuel its dominant global expansion with new EVs Electrek.co
- Tesla Rival BYD Share Buybacks Fail to Lift Buffett-Backed EV Maker's Stock Barron's
- BYD's Shenzhen-Listed Shares Rise on Buyback Plan, More Luxury-Model Launches The Wall Street Journal
- Fresh from eclipsing Tesla in EV sales, BYD plans raft of new upscale models to grab leading share of luxury car market Fortune
- BYD says it will bolster R&D investment as engineers exceed 90000 CnEVPost
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