BYD increased its investment in three wholly-owned subsidiaries with a total amount of 6.85 billion.

According to reports, BYD Co., Ltd. issued an announcement on the increase of capital to the holding subsidiary. The board of directors of the company agrees to increase the capital of the wholly-owned subsidiary BYD Automotive Industry Co., Ltd. (hereinafter referred to as "Automotive Industry") by US $850 million or the equivalent RMB in the form of cash contribution, and to increase the capital of the holding subsidiary BYD Automobile Co., Ltd. (hereinafter referred to as "BYD Automobile") by 3 billion yuan. Increase the capital of Shenzhen BYD supply chain Management Co., Ltd. (hereinafter referred to as "BYD supply chain") by 3 billion yuan.

The company's capital increase in the automotive industry, BYD Automobile and BYD supply chain is based on the needs of the company's normal production and operation, which is conducive to the subsidiary's better development of its business and further enhance its product R & D and operation capabilities; it is conducive to improving the company's core competitiveness, in line with the company's long-term planning and development strategy.