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- by benzinga.com
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Tesla Rival BYD Raises $5.64 Billion Through Share Placement, Wants To Use Funds For Global Domination - BYD (OTC:BYDDF), Goldman Sachs Group (NYSE:GS)
BYD Company Limited, the world's leading electric vehicle manufacturer for three consecutive years announced a significant capital raise through a placement of new H shares to fund its ambitious global expansion plans and research initiatives.