BYD chairman proposes doubling share buyback to 400 million yuan amid EV price war and economic concerns.

BYD's chairman, Wang Chuanfu, proposes doubling the electric vehicle giant's share buyback to 400 million yuan ($55.6m) amidst EV price war and economic concerns. The move aligns with plans for more share buybacks and luxury model launch. Despite the original plan not helping stock price, BYD aims to protect shareholder interests, boost investor confidence, stabilize, and improve company value.