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BYD raises US$5.6bn in HK, partners with UAE’s Al-Futtaim

BYD plans to use the funds to accelerate its ambitious global expansion project. By Stewart Burnett

BYD surpassed its own expectations and raised US$5.59bn in funds during a primary share sale in Hong Kong, marking the largest new listing on the exchange in four years. The new energy vehicle maker has indicated that these funds will be used to accelerate its international expansion.

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