The number of shares BYD plans to buy back is about 0.05 percent of its total issued share capital and will be used for cancellation to reduce registered capital.
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BYD's Brazilian production base complex will start production in late 2024 to early 2025, with an expected annual capacity of 150,000 vehicles per year in the first phase.
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CATL's battery installations in January were 20.5 GWh, up 88.1 percent year-on-year, while BYD's were 7.4 GWh, up 34.4 percent year-on-year.
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BYD has launched an updated version of the Seagull, lowering the starting price to RMB 69,800, or about $9,700.
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Seagull is the latest in the Ocean range offered by BYD in Brazil and Mexico, following the Seal and Dolphin.
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The BYD Yuan Plus Honor Edition launched in China 12% cheaper. It has up to 510 km range, 150 kW, and a starting price of 16,650 USD.
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The updated Yuan Plus has a starting price of RMB 119,800, or about $16,650. The model is available in several overseas markets under the Atto 3 name.
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The Yangwang brand delivered 780 vehicles and Fang Cheng Bao 2,310 vehicles in February.
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BYD saw a drop in NEV sales in February as the New Year holiday brought disruptions.
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The updated Song Pro DM-i continues to be offered in five variants, all with a price cut of RMB 20,000 to a starting price of RMB 109,800 yuan.
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