0310 GMT - As long as BYD delivers further growth, its recent share placement plan is likely to support the company, Nomura analysts write in a note. The Chinese automaker may use the funding to support its overseas expansion, in line with the company's overall business strategy, they add. BYD plans to have six overseas factories over the next two years and to expand its exposure to those overseas markets. There could be challenges in securing funding, given BYD's difficulties in transferring the capital needed outside mainland China due to government capital control measures. However, the replacement plan could help it secure more funding and make overseas expansion more feasible, they say. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 04, 2025 22:10 ET (03:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。