It is now being reported that China's securities watchdog has approved plans by BYD for an A-share listing in the Shenzhen market.
The company says that it has applied for regulatory approval to issue up to 79 million yuan-denominated shares.
Credit Suisse estimates BYD is facing a cash shortfall of some 9.57 billion yuan, or 1.47 billion US dollars this year.
BYD says it plans to use the proceeds to fund its lithium-ion battery projects, an R&D base and the general expansion of its products across the board.
