BYD’s battery IPO is coming
BYD plans to list its battery business unit by 2022, according to the latest news from China. The intention was already hinted at in March.
There are currently no details on the IPO, but BYD probably will be more than happy to sell part of the battery unit and use the cash for further expansion. The company already sells more than 25,000 plug-in cars a month (not including buses/trucks) and perspectives are good.
To launch an IPO, BYD is probably encouraged by recent CATL‘s shares rally, as the value more than tripled since its IPO in June – “investor

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