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Hong Kong-listed shares of BYD Co. Ltd. (OTC:BYDDF) (OTC:BYDDY) surged following a reported overseas sales boost in South America.
The automaker’s shares listed on the Hong Kong stock exchange surged 8.3%, the most in more than a year, after reports emerged that the automaker’s facility in Brazil received an order of 100,000 units from Mexico and Argentina, Bloomberg reported on Monday, citing local Chinese media news.
Hong Kong-listed shares of BYD’s fellow Chinese automakers, like Nio Inc. (NYSE:NIO) and Xiaomi Corp (OTC:XIACY) (OTC:XIACF), also recorded a 5% surge, the report said.
BYD’s Overseas Sales, Formula 1 Team
The …
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