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Recently, a little-known small company in Nanning, Guangxi Province, has received some attention due to its claim to be wholly-owned by BYD. According to public information, BYD has made frequent investments in the city throughout the year.
According to the prospectus, the firm plans to raise 2.686 billion yuan ($422.5 million) in the transaction.
Recent years have laid bare the advantages of electrification, intelligent technology and user targets for the automotive industry, and Chinese brands are increasingly launching vehicles from 300,000 yuan ($42,624) and upward in a bid to join the high-end market.
Recently, the unknown white particles floating out of the air conditioner outlet of BYD's Dolphin model has caused some discussion. As a result, nearly 400 consumers in Wenzhou City, Zhejiang Province went in a group to local regulators to complain about the Chinese EV maker.
On July 5, Chinese new energy vehicle company BYD announced its cooperation with Louwman, a European auto dealer group, to jointly provide new energy vehicles (NEVs) for the Dutch market.
The first MPV of BYD Dynasty Network - Xia, has been officially launched.
On October 6th local time, BYD unveiled the pure electric sedan, BYD Seal, in Santiago, Chile. It has been one of this year's most anticipated models launched by ASTARA Group, a BYD distributor in Chile.
On July 11, the China Automotive Battery Innovation Alliance (CABIA) announced the top 15 domestic power battery installation enterprises in June. Among them, CATL ranked first with a proportion of 49.60%.
A Chilean court said that it had decided to accept the appeal and suspend the bidding for the national lithium mine issued two days ago, on the grounds that the bidding process was in doubt.
BYD Electronic to Acquire Jabil Circuit Subsidiary for 15.8 Billion Yuan, Expanding Chengdu and Wuxi Manufacturing.
Chinese EV and battery maker BYD plans to invest 28.5 billion yuan ($4.2 billion) in a series of battery projects in Yichun, Jiangxi Province. BYD is the third major new energy enterprise to set up projects in Yichun, after CATL and Gotion High-Tech.
Both BYD and NIO have denied that they will establish a joint venture company.