06 Mar China’s BYD to spend US$55 million on buy-back of Shenzhen-listed shares as world’s largest EV maker eyes higher market value
Posted at 13:24h
in Asia
BYD, the world’s largest electric vehicle (EV) maker, plans to buy back 400 million yuan (US$55.56 million) worth of its mainland-listed shares, with the aim of lifting the company’s stock price amid concerns about escalating competition in China.Shenzhen-based BYD, backed by Warren Buffett’s Berkshire Hathaway,...