BYD raised $5.6 billion in a major share sale in Hong Kong to fund international expansion, including production facilities in Turkey, Hungary, and Brazil. The company plans to collaborate with Tesla to reduce petrol cars, despite competition in the EV market. BYD's advanced battery technology has increased its demand in Europe, while Tesla faces challenges due to tariffs and political involvement of its CEO. The EU's tariffs on Chinese EVs have prompted a shift towards hybrid vehicles among Chinese manufacturers. Teljes cikk (Euronews.com)