Chinese carmaker BYD (1211.HK) said it will raise around US$219 million in its mainland China listing, less than the company originally sought, Bloomberg reported. The Shenzhen-based company, which has the backing of celebrity investor Warren Buffett, plans to issue 79 million shares at US$2.78 (RMB18) apiece. The automaker had previously planned to raise US$338.5 million on the Shenzhen market, following its listing in Hong Kong in 2002, in which it raised US$180 million. The CSI 300 Index, which tracks many of the largest stocks on the Shanghai and Shenzhen exchanges, has tumbled 14% since April on concern economic growth is slowing. BYD sales have fallen for 10 straight months on slowing demand for cars in China and competition from carmakers like General Motors (GM.NYSE) and Nissan (7201.TYO), which have introduced cheaper models for the Chinese market. Recent listings on the Hong Kong Exchange saw shares of Italian luxury company Prada price near the low end of its offering range on June 17, while shares of luggage maker Samsonite International (1910.HK) fell 7.2% in its first two days of trading on June 16 and 17.