Fidelity Intl raises stake in BYD to 6.05%

Shanghai, July 11 (Gasgoo.com) U.S.-based investment company Fidelity International Ltd (FIL) has raised its shareholding in BYD Co. to 6.05% from the previous 5.98%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx), said China Knowledge Online.

HKEx said that FIL on Jul. 3 bought 398,500 shares of BYD, China's largest rechargeable battery maker and a well-known automobile producer, for US$1.63 million. The average share price of the transaction was US$4.101 per share.

BYD Auto, an auto-making division if BYD Co., sold 176,795 vehicles in the first half of this year, a rapid increase of 176% from a year earlier, according to the carmaker's latest statistics.