BYD, backed by Buffett’s Berkshire Hathaway, prices follow-up stock sale mid-range to step up research in EV batteries

Source: Tech – South China Morning PostBYD, the Chinese battery and electric carmaker backed by the US investor Warren Buffett, has set the final offer price of its follow-on share sale at HK$276 per share, helping it to raise about US$1.8 billion in what amounts to its second placement in nine months.The final offer price was set at about the midpoint of a range that was marketed to investors late last week, at between HK$273.5 (US$35.16) and HK$279.5 per share, for a discount of about 6.9 per cent to its Friday closing price in…Read More

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