BYD Announces Fresh Stock Buyback, Plans More Luxury Models
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BYD Co. is planning to repurchase more shares, the automaker said in a filing Sunday, as it seeks to revive a stock price slump resulting in a 15-month low earlier this month.
The Shenzhen-based company also said it aims to ramp up production of more luxury models this year, boosting its credentials beyond just stylish but budget-friendly cars.