Category: China

BYD chairman doubles proposed share buyback amount to boost investor confidence

BYD chairman Wang Chuanfu doubled the amount of his proposed buyback of the company's shares in the A-share market to RMB 400 million from RMB 200 million and will be used to reduce registered capital.

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Nio’s swap station in Denmark has begun offering frequency regulation service to power grid

The service barely affects battery swap stations' ability to provide service to car owners, with one station bringing in revenue in the tens of thousands of euros a year, according to a Nio vice president.

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