BYD raises up to US$5 bln in its biggest post-IPO funding for EV research, global growth
China’s largest electric vehicle (EV) maker BYD plans to raise up to HK$40.7 billion (US$5.05 billion) in a primary share placement to support its research and development efforts and overseas expansion, according to a term sheet seen by the Post. The company will issue 118 million shares at between HK$333.00 and HK$345.00 per share to…