Core Viewpoint - BYD, in collaboration with Al-Futtaim, officially launched its new energy commercial vehicles in the UAE, contributing to the local green commercial transportation development [1] Group 1: Product Launch - The launch event took place at the InterContinental Hotel in Dubai, attended by government officials, industry leaders, and media representatives [1] - Four models of pure electric commercial vehicles were unveiled, including light-duty and medium-duty trucks as well as pure electric buses, designed to meet various urban logistics, long-distance transport, and public transport needs [2] Group 2: Vehicle Specifications - The ETM6 pure electric truck has a payload capacity of 3.6 tons and is equipped with a 126 kWh battery, offering enhanced load capacity and range [3] - The EV light-duty truck T5 has a payload capacity of 4 tons and features a 132 kWh battery, specifically designed for flexible urban delivery [4] - The EV medium-duty truck ETH8 can carry 10 tons and is equipped with a 255 kWh battery, catering to heavy commercial tasks [4] - The B12 pure electric bus is a 12-meter city bus with a 425 kWh battery, providing a range of up to 550 kilometers, offering a zero-emission solution for public transport [4] Group 3: Strategic Goals - BYD's General Manager of Commercial Vehicles, Tian Chunlong, emphasized the company's commitment to promoting global new energy transportation transformation, stating that the launch in the UAE provides efficient and environmentally friendly transport solutions for local enterprises [4] - The event marks a significant step for BYD in the UAE commercial vehicle market, offering new green travel options for local businesses and public transport operators [4] - BYD aims to deepen its global new energy strategy, leveraging advanced technology and innovative products to drive the commercial vehicle industry towards a sustainable development era [4]

Core Viewpoint - BYD has set a record for the largest equity refinancing in the global automotive sector over the past decade, raising $5.6 billion through a placement of 129.8 million H-shares at HKD 335.2 per share, showcasing strong investor confidence in its growth prospects and the electric vehicle industry's future [1][3]. Group 1: Financing and Investment - The recent H-share placement is the largest equity refinancing project in the automotive industry and the second-largest in Hong Kong's market history [1]. - The transaction attracted numerous top-tier long-term investors, sovereign funds, and strategic investors from the Middle East, indicating robust demand with multiple times coverage of subscription orders [1]. - Al-Futtaim family office from the UAE participated as a strategic investor, aiming to deepen collaboration in the new energy vehicle sector [1][2]. Group 2: Product Launch and International Expansion - On February 26, BYD launched four new electric commercial vehicle models in the UAE, including the ETM6 electric truck and B12 electric bus, all equipped with advanced blade battery technology [2]. - BYD's "Hi-Tech Week" event in Nepal showcased a range of its models, marking the first time all brands were presented in the South Asian market [2]. - As of the end of 2024, BYD's electric vehicles will be present in over 100 countries across six continents, positioning the company among the top sellers in multiple markets [3]. Group 3: Business Growth and Market Performance - BYD's stock price reached HKD 363.6 per share as of March 3, reflecting an over 88% increase year-on-year, driven by significant business growth [4]. - In 2024, BYD sold over 4.25 million new energy passenger vehicles, a year-on-year increase of 41.1%, maintaining its position as the global leader [4]. - In the first two months of 2025, BYD's cumulative sales of new energy vehicles reached 623,400 units, marking a 92.52% year-on-year growth [4].