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00:02Hong Kong-listed shares of BYD surged after reports of stronger overseas sales in South America,
00:08according to Bloomberg, citing Chinese media.
00:11BYD's Hong Kong-listed shares rose 8.3%, the largest gain in over a year,
00:16after reports that its Brazil facility received a 100,000 vehicle order from Mexico and Argentina.
00:23Shares of other Chinese automakers, including NIO and Xiaomi, also rose about 5%.
00:28The report comes as BYD continues expanding overseas.
00:32The company registered facilities in Shenzhen and Xi'an as potential exporters to Canada.
00:37BYD sales in Europe rose more than 165%, beating Tesla.
00:42The automaker is also considering entering the Formula One World Championship.
00:46In China, Geely outsold BYD for the second consecutive month,
00:51selling 76,000 more vehicles in the first two months of 2026.
00:55Elon Musk said BYD factories running below capacity is a major pain after sales fell 36%.
01:02For all things money, visit Benzinga.com.
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