Core Viewpoint - BYD is planning to raise approximately HKD 43.5 billion through a new H-share placement, with the funds intended for R&D, overseas expansion, working capital, and general corporate purposes [1][2][3] Group 1: Fundraising Details - The placement price is set at HKD 335.2 per share, with the net proceeds expected to be around HKD 43.38 billion after deducting commissions and estimated expenses [2] - The shares to be placed represent 11.82% of the existing H-shares and 4.46% of the total issued shares as of the announcement date [2] - This fundraising is noted as the largest equity refinancing in the global automotive industry in the past decade and the second-largest in Hong Kong's market history [3] Group 2: Sales Performance - In February, BYD's total sales reached 322,800 units, marking a year-on-year increase of 164%, with overseas passenger car sales at 67,025 units, up 187.8% [1][3] - The sales performance across various segments showed strong growth, with the Dynasty and Ocean series vehicles selling 304,673 units, up 167.1% [4] Group 3: Market Position and Investor Sentiment - The placement attracted significant interest from global institutional investors, sovereign funds, and strategic investors from the Middle East, indicating strong confidence in BYD's growth prospects and the electric vehicle market [3] - BYD's strategy includes leveraging its data advantage, having sold over 4.4 million vehicles equipped with L2 or higher driving assistance, which is expected to accelerate the adoption of intelligent driving features in the automotive industry [4]