BYD announces new stock buyback, plans more luxury models

BYD Yangwang U8 — BYD's large U8 luxury SUV could launch in Europe to rival models such as the Mercedes G-Class and Land Rover Defender. (Kyodo)

B

By:

Bloomberg

February 19, 2024 09:43 AM

BYD is planning to repurchase more shares, the automaker said in a filing, as it seeks to revive a stock-price slump resulting in a 15-month low earlier this month.

Featured Stories

Here’s how the tariff changes will impact parts, vehicles and more

Automotive News breaks down how the April 29 tariff adjustments will affect the auto industry, what information remains unclear, and what’s next for tariffs on cars and parts.

Here’s how the tariff changes will impact parts, vehicles and more

Toyota and Waymo tie-up could reshape the self-driving tech landscape

Toyota and Waymo tie-up could reshape the self-driving tech landscape

Stellantis says 80% of parts in U.S-made vehicles comply with USMCA

Stellantis says 80% of parts in U.S-made vehicles comply with USMCA

Amid tariffs and EV uncertainty, suppliers signal cautious optimism about green tech

Amid tariffs and EV uncertainty, suppliers signal cautious optimism about green tech

Latest News

Valeo targets Chinese companies to develop new generator, headlight

Tesla board opened search for a CEO to succeed Elon Musk, WSJ reports

Ford kills project to develop Tesla-like electronic brain

Penske Automotive calls tariffs ‘fluid situation,’ posts 13% rise in Q1 net income

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Dacia Sandero edges Peugeot 208 for March sales title in Europe

VW could launch extended-range EVs in Europe, executives say

Daily 5 report for April 23: China’s inescapable influence on the auto industry live from Shanghai

U.S. will aim for U.K. to cut its automotive tariff to 2.5% from 10%, report says

Staying current is easy with newsletters delivered straight to your inbox.