BYD plans to use 60 billion idle funds for financial management

BYD has about 154.937 billion yuan in cash reserves by the end of 2024. In order to make full use of these idle funds, the company plans to use 60 billion yuan of them for financial management and invest in financial products or bond products with high security, good liquidity and medium and low risks. The financial institutions involved include banks, securities companies, fund companies and insurance asset management companies.