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What’s everyone 12 months price target here ? US dollars please ...
I agree, especially for their huge footprint in China as China will have all eV buses soon.
I'm sure part of the Green stimulus will include USA cities going all EV in public transportation.
I own both, equally in value, as I had no idea either.
They are my only Chinese EV stocks.
Since they have a factory in the USA, would they be included in the Biden Green stimulus?
Thanks.
Ooopps nevermind all . . . . (wrong BYD)
One might see the REAL ONE (soon).
Good morning shareholders . not that I’m complaining but does anyone know what’s causing this dramatic rise in SP? 1211:HK closed at all time high last night with massive volume. How high can this baby go ? It’s good to see Warren.. Munger and Wang vision coming into fruition.. comments welcome.. ??
BYDDF is a much more substantial company then the others you listed. And yes, it is a matter of coverage.
Never knew this company existed until I read an article on it today. I wonder why it has not been getting much press with its achievements? I in now. LESLA, NIO, LI and XPEV get the lion's share of the press.
BYD Company Ltd Chin (BYDDF)
23.02 ? 0.22 (0.96%)
Volume: 377,472 @12/07/20 1:32:57 PM EST
Bid Ask Day's Range
23.0 23.02 22.6 - 23.02
BYDDF Detailed Quote
BYD Company Ltd Chin (BYDDF)
22.725 ? 0.62 (2.80%)
Volume: 103,315 @12/04/20 10:44:15 AM EST
Bid Ask Day's Range
22.65 22.8 21.94 - 23.0
BYDDF Detailed Quote
BYDDY is the ADR...you are buying 2 shares, BYDDF is the HK OTC issue, you are buying 1 share.
What is the difference in Byddy and byddf other that $25 difference in stock price and half the volume in Byddy?
BYD Company Ltd Chin (BYDDF)
17.9 ? -1.15 (-6.04%)
Volume: 364,205 @10/23/20 3:59:33 PM EDT
Bid Ask Day's Range
17.88 17.92 17.64 - 18.07
BYDDF Detailed Quote
I think if I recall correctly the price was about $1 about 8-10 years ago. At that time the owner would only allow Buffet to buy 10-15% of the company
Buffet gave been invested since 2008
Do we know what buffet got in at and how much he invested
BYD business booming in California and Canada too
Solving #ClimateChange & creating good paying #GreenJobs go hand-in-hand. #ClimateWeek
— BYD (@BYDCompany) September 26, 2020
BYD created +750 unionized manufacturing jobs in #California and is committed to hiring thousands more.
EV Industry Created 276,000 jobs in California @LAEDC Reports: https://t.co/mivcbWbdQM pic.twitter.com/Xm8IyfvPQI
We applaud Canada’s plans to invest in the adoption of #zeroemission technology
— BYD (@BYDCompany) October 1, 2020
BYD has a 45,000 square foot assembly plant in Ontario & looks forward to expanding our #CanadianManufacturing to meet the needs of the Canadian people.
Creating Green Jobs—https://t.co/2oiDVge3wh pic.twitter.com/raVz4Wp9Zw
BYD business booming in California and Canada too
Solving #ClimateChange & creating good paying #GreenJobs go hand-in-hand. #ClimateWeek
— BYD (@BYDCompany) September 26, 2020
BYD created +750 unionized manufacturing jobs in #California and is committed to hiring thousands more.
EV Industry Created 276,000 jobs in California @LAEDC Reports: https://t.co/mivcbWbdQM pic.twitter.com/Xm8IyfvPQI
We applaud Canada’s plans to invest in the adoption of #zeroemission technology
— BYD (@BYDCompany) October 1, 2020
BYD has a 45,000 square foot assembly plant in Ontario & looks forward to expanding our #CanadianManufacturing to meet the needs of the Canadian people.
Creating Green Jobs—https://t.co/2oiDVge3wh pic.twitter.com/raVz4Wp9Zw
BDY Han sales doing well in China...on deck selling the Han in Europe. It looks like they have a great combination car & battery.
TSLA Battery Day.....was a flop. The Tesla fanboys loved it of course, but they haven't done research on what other companies are developing, they think Tesla is is operating in a vacuum. In three years what Musk says Tesla will have available in cost and range, will be widely available from many battery manufacturers.
BYD already has a fully automated battery giga-factory.
I SEE DIS TOO $BYDDF GROWTH
RE
Hi Mick...after a lot of research I picked BYD as an EV company that will grow and be one of the long term players.
Hi Mick...after a lot of research I picked BYD as an EV company that will grow and be one of the long term players.
$BYDDF news Electric Vehicle
BYDDF News: ALYI Electric Vehicle Strategy Draws Confidence From Warren Buffet Electric Vehicle Investment In China 06/16/2020 10:18:34 AM
BYDDF News: ALYI Electric Vehicle Strategy Draws Confidence From Warren Buffet Electric Vehicle Investment In China 06/16/2020 10:18:34 AM
BYD Company Ltd Chin (BYDDF)
10.65 ? 0.275 (2.65%)
Volume: 20,282 @09/10/20 10:47:16 AM EDT
Bid Ask Day's Range
10.51 10.65 10.5 - 10.65
BYDDF Detailed Quote
hi dare reading $BYDDF
Personally believe it's the best of the Chinese EV companies. Great battery technology with the new Blade battery at 300+ mile range in the new Han sedan, 3,000 cycles and 750,000 mile life time range. NIO gets a lot more press, but IMO they are a distant player compared to BYD. The shares are selling at bottom basement prices. Easily see this one doubling or tripling as their marketing plans begin to bear fruit.
Again, $BYDDF is named as one of the four (Chinese) electric car manufacturers to keep an eye on ??
https://pennystocks.news/forgot-to-invest-in-tesla-these-4-chinese-electric-car-developers-are-next-tsla/
Looking solid this past month!
Looks like everyone trying to get out of their positions, all I see is a red candle sticks, but why?
$BYDDF Electric sedans are winning the Shanghai Auto Show https://www.theverge.com/2019/4/16/18389666/electric-sedans-nio-xpeng-geely-shanghai-auto-show
Thanks! Waiting on this to move for years now!
$BYDDF China's New EV Push, But Competition Is Also Rising
https://www.barrons.com/articles/byd-chinas-new-ev-push-but-competition-is-also-rising-1409100292
Wow! Well Well, what a jewel we have found here!
hi guys..
been a shareholder for 3 years..saw my ups and down..can anyone tell me why this stock has been going up last few weeks and where its heading from now on? TIA
China is banning traditional auto engines. Its aim: electric car domination
http://www.latimes.com/business/autos/la-fi-hy-china-vehicles-20170911-story.html
$BYDDF recent news/filings
bullish
## source: finance.yahoo.com
Thu, 04 Jun 2015 18:55:38 GMT ~ Hong Kong investors deal lesson in sobriety to China
[at Financial Times] - If you can keep your head when all around you are losing theirs, then you may have a future as a Hong Kong fund manager. Chinese stocks have continued their long and frantic march higher this week, with ...
read full: http://www.ft.com/cms/s/653a7ce6-0a6b-11e5-82e4-00144feabdc0,s01=1.html?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev
*********************************************************
Wed, 03 Jun 2015 11:44:59 GMT ~ Carmaker BYD Seeks Piece of China’s Stock Rally With Share Offer
read full: http://www.bloomberg.com/news/articles/2015-06-03/carmaker-byd-seeks-piece-of-china-s-stock-rally-with-share-offer?cmpid=yhoo
*********************************************************
Wed, 03 Jun 2015 10:54:43 GMT ~ BYD Plans to Raise as Much as $2.42 Billion in Private Placement
read full: http://www.bloomberg.com/news/articles/2015-06-03/byd-plans-to-raise-up-to-15b-yuan-in-a-shr-private-placement-iagn0evp?cmpid=yhoo
*********************************************************
Wed, 27 May 2015 04:28:46 GMT ~ China's BYD says plans fundraising to boost battery capacity, new models
read full: http://finance.yahoo.com/news/chinas-byd-says-plans-fundraising-042846853.html
*********************************************************
Wed, 27 May 2015 00:17:15 GMT ~ BYD to Spend Funds From Share Sale to Expand Battery Production
read full: http://www.bloomberg.com/news/articles/2015-05-27/byd-to-spend-funds-from-share-sale-to-expand-battery-production?cmpid=yhoo
*********************************************************
$BYDDF charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$BYDDF company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/BYDDF/company-info
Ticker: $BYDDF
OTC Market Place: OTC Pink Current
CIK code: 0001445162
Company name: BYD Co., Ltd.
Company website: http://www.bydit.com
Incorporated In: China
Business Description: Established in February 1995, BYD Company Limited specializes in IT, automobile and new energy. BYD is the largest supplier of rechargeable batteries in the globe, and has the largest market share for Nickel-cadmium batteries, handset Li-ion batteries, cell-phone chargers and keypads worldwide. It is the largest supplier of rechargeable batteries and it also has the second largest market share for cell-phone shells in the globe. BYD Auto becomes the most innovative independent national auto brand and leads the field of electric vehicles with unique technologies. In the field of new energy, BYD has developed green products such as solar farm, battery energy storage station, electric vehicle, and LED, etc. It will continue to lead the new energy revolution in the world!Less >>
$BYDDF share structure
## source: otcmarkets.com
Market Value: $5,408,942,000 a/o Jun 03, 2015
Shares Outstanding: 793,100,000 a/o Jun 30, 2011
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$BYDDF extra dd links
Company name: BYD Co., Ltd.
Company website: http://www.bydit.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=BYDDF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=BYDDF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=BYDDF+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/BYDDF/news - http://finance.yahoo.com/q/h?s=BYDDF+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/BYDDF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/BYDDF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=BYDDF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/BYDDF
DTCC (dtcc.com): http://search2.dtcc.com/?q=BYD+Co.%2C+Ltd.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=BYD+Co.%2C+Ltd.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=BYD+Co.%2C+Ltd.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.bydit.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.bydit.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.bydit.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/BYDDF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001445162&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/BYDDF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/BYDDF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=BYDDF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=BYDDF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/BYDDF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=BYDDF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=BYDDF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=BYDDF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=BYDDF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=BYDDF+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/BYDDF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=BYDDF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/BYDDF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=BYDDF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/BYDDF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/BYDDF/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/BYDDF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/BYDDF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/BYDDF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=BYDDF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=BYDDF
$BYDDF DD Notes ~ http://www.ddnotesmaker.com/BYDDF
a good article..BYD
http://www.huffingtonpost.com/2014/04/01/byd-china-electric-car_n_4964233.html
can someone explain this?
BYD Said to Revive Plans to Sell as Much as 20% of HK Shares By Bloomberg News Mar 27, 2014 4:24 AM ET0 Comments Email Print Share
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Save BYD Co., the Chinese automaker partially owned by Warren Buffett’s Berkshire Hathaway Inc., has revived plans to sell new stock equivalent to as much as 20 percent of its Hong Kong-listed shares, people familiar with the matter said. The stock fell.
The company submitted an application with the China Securities Regulatory Commission, the people said, asking not to be identified because the proposal hasn’t been made public. BYD fell 4.9 percent to HK$45.65 at the close of trading in Hong Kong, the biggest decline in a week. Based on today’s close, the sale of as many as 158.6 million new shares would rake in HK$7.24 billion ($933 million).
The funds would give Shenzhen-based BYD room to step up investments and bolster production of electric cars and buses. Selling shares would also help alleviate the strain on a balance sheet that’s seen net debt surge to a record.
Pranab Kumar Sarmah, an analyst at AM Capital Ltd., wrote in a report this month that BYD will probably need to raise money from the capital markets because of the company’s deteriorating financial health and rising spending needs.
Cary Wei, a Shenzhen-based BYD public relations manager, said he wasn’t aware of any share-sale plan that was submitted to the stock regulator.
Photographer: Tomohiro Ohsumi/Bloomberg
Visitors past vehicles displayed at the BYD Co. booth at the Wuhan Motor Show in Wuhan, China.
Visitors past vehicles displayed at the BYD Co. booth at the Wuhan Motor Show in Wuhan, China. Close
CloseOpen Photographer: Tomohiro Ohsumi/Bloomberg Visitors past vehicles displayed at the BYD Co. booth at the Wuhan Motor Show in Wuhan, China.
Profit Forecast
The sale would come as BYD braces for profit to tumble as much as 96 percent to 500 million yuan this quarter because of declining demand for its gasoline-fueled vehicles. Last year, profit jumped almost sevenfold after its billionaire founder and chairman, Wang Chuanfu, completed a three-year reorganization during which he cut the number of dealerships and narrowed losses at the solar business thanks to state incentives.
The company has reason to raise funds via shares over bonds or loans. The company’s net debt, or interest-bearing borrowings minus cash and equivalents, climbed 34 percent to a record 20.3 billion yuan ($3.3 billion) at the end of last year. Dividing that by equity, which is how BYD calculates its key gearing ratio for monitoring capital, the proportion of net debt bloated to 94 percent from 71 percent a year earlier.
The offering would also be a revival of a plan that was shelved about a year ago, one of the people said. The company suspended plans to sell the stock in 2013 after Bloomberg News reported on the share-sale plans, according to the person. At the time, BYD said that it wasn’t “currently” planning to issue new shares.
Photographer: Forbes Conrad/Bloomberg
A BYD employee drives in Shenzhen, China.
A BYD employee drives in Shenzhen, China. Close
CloseOpen Photographer: Forbes Conrad/Bloomberg A BYD employee drives in Shenzhen, China.
Stock Gain
Waiting may have helped the stock. BYD surged 63 percent in Hong Kong trading last year and is up 20 percent in 2014, making it the best performer on the Hang Seng China Enterprises Index. On March 17, it climbed to a 3½-year high of HK$55.35.
While that’s short of the record HK$85.50 the stock reached in October 2009, it’s still profitable for MidAmerican Energy Holdings Co., the unit of Buffett’s Berkshire Hathaway that bought 225 million Hong Kong-listed shares of BYD for HK$8 each about five years ago. The Berkshire unit is BYD’s biggest strategic partner by owning 28 percent of the Hong Kong-listed stock.
To contact Bloomberg News staff for this story: Tian Ying in Beijing at ytian@bloomberg.net; Steven Yang in Beijing at
more great news from BYD!!!
Don Dion
Long/short equity, special situations, momentum, event-driven
Profile| Send Message| Follow (6,199)
Clear Skies Ahead For Warren Buffett-Backed BYD Co.
Mar. 26, 2014 3:43 PM ET | About: BYDDY, Includes: BRK.A, BRK.B
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary
In 2008, Buffett's Berkshire Hathaway took a 10% stake in the Chinese automaker BYD.
BYD profits are now up significantly; in addition, the company just won regulatory approval to begin selling all-electric vehicles in Shanghai and Beijing.
Future looks very solid for BYD (and Berkshire Hathaway) as BYD could compete with Tesla for growing demand for electric cars in polluted Chinese and other Asian mega-cities.
Profits are up at Chinese automaker BYD Co. (OTC: OTCPK:BYDDY). The company reported that its 2013 net income was 553 million yuan -- about $89 million in U.S. dollars. Earnings were much higher than the previous year's result of 81 million yuan.
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(click to enlarge)
(Yahoo! Finance)
BYD said that revenues by business segment improved as follows: (1) autos up 9.6%, (2) communications components and assembly revenues up 13.7%, and (3) battery revenues up 12.4%. We think that these developments bode well for BYD's stock. Continued progress at BYD could boost Berkshire Hathaway (BRK.B) as well.
Buffett Has an Interest
In 2008, Warren Buffett's Berkshire Hathaway (BRK.A) took a 10% stake in the Chinese manufacturer. Berkshire Hathaway owns its share of BYD through MidAmerican Energy. The trend towards green energy contributed to MidAmerican's investment.
Just last month, BYD won regulatory approval to begin selling all-electric vehicles in Shanghai and Beijing. BYD grew into one of Asia's largest manufacturers by making batteries. Subsequently, the company entered automobile production. The company expects strong sales growth in second-tier markets outside the major Chinese cities.
BYD recently established a joint venture with Daimler to develop an all-electric model, named Denza, for the Chinese market. In a corporate statement, Daimler said: "BYD is providing its expertise in battery technology and e-drive systems. … Daimler is contributing its know-how in vehicle architecture, safety, and quality."
The Demand for Electric Cars
Due to rapid industrialization, China has become one of the world's largest producers of greenhouse gases. Electric vehicles will help to clean up China's smog situation. BYD claims to be the largest supplier of rechargeable batteries in the world.
U.S. electric-car maker Tesla (TSLA) is entering the Chinese market. Tesla is marketing its all-electric Model S sedan, starting in Beijing and then expanding to other Chinese cities. The Model S is currently on display in Beijing, and the automaker is taking orders for delivery later this year. Meanwhile, BYD has plans to enter the U.S. market.
BYD intends to start marketing as many as four car models to U.S. consumers by the end of 2015. BYD is a private company, not owned or controlled by the Chinese government. Since 2010, BYD has undergone a major corporate restructuring under billionaire Chairman Wang Chuanfu. The company says it's better prepared than it was in 2010, when earlier plans to enter the U.S. failed to materialize
more great news from BYD!!!
Don Dion
Long/short equity, special situations, momentum, event-driven
Profile| Send Message| Follow (6,199)
Clear Skies Ahead For Warren Buffett-Backed BYD Co.
Mar. 26, 2014 3:43 PM ET | About: BYDDY, Includes: BRK.A, BRK.B
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary
In 2008, Buffett's Berkshire Hathaway took a 10% stake in the Chinese automaker BYD.
BYD profits are now up significantly; in addition, the company just won regulatory approval to begin selling all-electric vehicles in Shanghai and Beijing.
Future looks very solid for BYD (and Berkshire Hathaway) as BYD could compete with Tesla for growing demand for electric cars in polluted Chinese and other Asian mega-cities.
Profits are up at Chinese automaker BYD Co. (OTC: OTCPK:BYDDY). The company reported that its 2013 net income was 553 million yuan -- about $89 million in U.S. dollars. Earnings were much higher than the previous year's result of 81 million yuan.
335 people received this article by email alert
Add your email to get alerts on BYDDY too:
Get email alerts on BYDDY »
(click to enlarge)
(Yahoo! Finance)
BYD said that revenues by business segment improved as follows: (1) autos up 9.6%, (2) communications components and assembly revenues up 13.7%, and (3) battery revenues up 12.4%. We think that these developments bode well for BYD's stock. Continued progress at BYD could boost Berkshire Hathaway (BRK.B) as well.
Buffett Has an Interest
In 2008, Warren Buffett's Berkshire Hathaway (BRK.A) took a 10% stake in the Chinese manufacturer. Berkshire Hathaway owns its share of BYD through MidAmerican Energy. The trend towards green energy contributed to MidAmerican's investment.
Just last month, BYD won regulatory approval to begin selling all-electric vehicles in Shanghai and Beijing. BYD grew into one of Asia's largest manufacturers by making batteries. Subsequently, the company entered automobile production. The company expects strong sales growth in second-tier markets outside the major Chinese cities.
BYD recently established a joint venture with Daimler to develop an all-electric model, named Denza, for the Chinese market. In a corporate statement, Daimler said: "BYD is providing its expertise in battery technology and e-drive systems. … Daimler is contributing its know-how in vehicle architecture, safety, and quality."
The Demand for Electric Cars
Due to rapid industrialization, China has become one of the world's largest producers of greenhouse gases. Electric vehicles will help to clean up China's smog situation. BYD claims to be the largest supplier of rechargeable batteries in the world.
U.S. electric-car maker Tesla (TSLA) is entering the Chinese market. Tesla is marketing its all-electric Model S sedan, starting in Beijing and then expanding to other Chinese cities. The Model S is currently on display in Beijing, and the automaker is taking orders for delivery later this year. Meanwhile, BYD has plans to enter the U.S. market.
BYD intends to start marketing as many as four car models to U.S. consumers by the end of 2015. BYD is a private company, not owned or controlled by the Chinese government. Since 2010, BYD has undergone a major corporate restructuring under billionaire Chairman Wang Chuanfu. The company says it's better prepared than it was in 2010, when earlier plans to enter the U.S. failed to materialize
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