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China's BYD plans to launch 'high-end luxury' models from this year

Published 02/18/2024, 06:53 PM
Updated 02/19/2024, 06:31 AM
© Reuters. A general view of the steering wheel of a BYD HAN electric vehicle is pictured during a BYD store opening at the car dealership Sternauto in Berlin, Germany January 31, 2024. REUTERS/Annegret Hilse/File Photo

BEIJING (Reuters) -China's BYD (SZ:002594) plans to launch a number of "high-end luxury" models from this year, it said in Hong Kong stock market filing.

The Shenzhen-based company will also formulate a "reasonable and feasible" plan to buy back more shares, it said in Sunday's filing.

Last December, BYD said that Chairman Wang Chuanfu proposed the company would buy back 200 million yuan ($27.8 million) worth of its A-shares.

BYD's Shenzhen-listed shares closed up 1.3% on Monday after stock trade resumed following the Lunar New Year holidays, while its Hong Kong-listed shares slipped 1.9%.

($1 = 7.1978 Chinese yuan renminbi)

Latest comments

Luxury items made in china. lol
Hi
I do not know about Chinese cars but the Tractors they make are absolute Junk.  You buy an American Tractor and it will last you for life.  My guess this is the same for cars.  China builds small things and components well be the big stuff they build is junk.
You should have written BOEING instead of "Chinese cars".
TSLA is toast
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