Reported 1 day ago
In a display of confidence, over 37 BYD executives, including five vice-presidents, purchased shares in the electric vehicle leader, investing a total of 52.3 million yuan (US$7.3 million) amidst a decline of more than 20% in stock value since May. This move aims to bolster investor trust after the company lowered its annual sales target. Although recent profit reports showed a 30% drop, overseas sales have surged significantly, indicating potential recovery as the executives express optimism about the company's future.
Source: YAHOO