BYD Co. shares soared to a record high, driven by the launch of a new generation of electric vehicles (EVs) boasting remarkably fast charging capabilities. The Chinese automaker’s announcement has captured significant attention, with its stock price reflecting enthusiastic investor response.
Shares of BYD experienced a surge, with an intraday increase of up to 6% during Tuesday’s trading session in Hong Kong. This positive momentum propelled the company’s market capitalization to nearly $162 billion. This valuation places BYD ahead of major global automotive players like Ford Motor Co., General Motors Co., and Volkswagen AG, underscoring the company’s growing influence in the EV market.
