China’s BYD plans to launch ‘high-end luxury’ models from this year
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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 plans to launch several “high-end luxury” models this year, it said in a 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%.
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