Yangwang is gearing up to officially launch its long-teased U7 sedan—a third flagship model for BYD’s high-end performance sub-brand.

BYD, the Chinese electric vehicle juggernaut headed by billionaire Wang Chuanfu, intends to raise HK$43.5 billion ($5.6 ...

BYD, the Chinese electric vehicle juggernaut headed by billionaire Wang Chuanfu, intends to raise HK$43.5 billion ($5.6 billion) to deal with fierce competition at home and to expand abroad.

Wang Chuanfu, founder of Chinese EV giant BYD, got a prime seat at Monday’s meeting with Chinese President Xi Jinping, meant to show Beijing’s renewed commitment to its beleaguered tech sector.

BYD, the Chinese electric vehicle juggernaut headed by billionaire Wang Chuanfu, intends to raise HK$43.5 billion ($5.6 billion) to deal with fierce competition at home and to expand abroad.