BYD's initial public offering of more than 79 million A shares

BYD also said that the funds raised will be used to invest in lithium production projects, establish a research and development and manufacturing center, and expand auto parts construction projects. UBS is the lead underwriter for this stock issue transaction. BYD announced on Sunday that it will issue no more than 79 million A shares through initial public offerings at a price of RMB 18 per share. Investors can subscribe for new shares of the company from Tuesday.