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BYD showed up again at the Detroit auto show this month, repeating its goal to sell an electric vehicle in the United States. This marked the company’s third appearance at the event. As in the past, BYD made bold statements about its product and future sales volume, though this year there was news of home-market momentum that may help fuel the company’s ambitions. Read More...
DETROIT — What would happen if Detroit sold over a million cars and trucks a month? Ah, this is not Fantasyland, so don’t bother putting on your 3-D glasses. Read More...
HONG KONG, Jan 23 (Reuters) – Chinese car and battery maker BYD Co Ltd (1211.HK), 10 percent owned by U.S. billionaire Warren Buffett’s Berkshire Hathaway (BRKa.N), will invest 22.5 billion yuan ($3.30 billion) over five years to build China’s largest solar power battery plant, a report said on Saturday. Read More...
Officials of the only Chinese automaker at this year’s North American International Auto Show repeated their goal of introducing an all-electric mid-size sedan in select markets across North America before the end of the year. Read More...
The E6, a pure electric vehicle (EV) model of BYD Co. Ltd. (SEHK: 1211), has met the laws and regulations of the US market, according to Li Zhuhang, general manager of BYD’s auto export division. Read More...
NEW-ENERGY vehicle and battery manufacturer BYD Automobile Co said yesterday that it has won approval to produce the e6, its first pure electric car, in the country. Read More...
The company is already in discussions with the Chinese State Grid about the implementation of charging stations across the country. “At present, the State Grid Corporation has shown clear support in Shanghai, Beijing, Tianjin and other large cities, to speed up construction of electric car charging stations,” our source told us. “A few large cities will have the first charging stations upon completion, and they will become a “test drive ” for setting up electric car charging base stations.”Car show success
The E6 received positive notices from both the media and American car dealerships after it was shown at the NAIAS car show in Detroit this month, and is expected to go on sale in the US by the end of the year.
According to our sources, before BYD’s purchase of Tsinchuan, the company tried other approaches. Beijing Automobile Works was one company that was offered a joint venture but they allegedly demanded, with too much control for too little investment in return. CEO Wang Chuanfu rejected their offer, believing his company would be able to succeed without losing its controlling stake.
With Warren Buffet’s flagship company Berkshire Hathaway having bought a 10 percent stake in BYD, that attitude seems to have paid off. While other car manufactures have suffered huge loses over the past 18 months, BYD sales have continued to grow.
Speaking exclusively to Lifestyle, an anonymous executive said, “We have a very slimline decision-making process, and that makes us more effective. Once our CEO decides on the direction we are going to move in, we move that way immediately. Everything we want, we get it… everyone, every department, works together, like a family.”
On what the future holds, he told Lifestyle, “Car production is an interesting field but needs very specific skills and technology, which is why we produce all our parts ourselves. This gives us an advantage over other manufactures, who outsource nearly everything they use.”
“But cars are only the beginning. We have big plans for the coming years, not just for cars but in a much wider range of products. BYD would like to be one of the pioneers in green products, and will lead China into the next era of manufacturing.” It remains to be seen whether e-cars will catch on, but the E6 certainly represents one of its strongest showings.
Source: globaltimes.cn Read More...
With the Detroit Auto Show in full swing, this week a Chinese company touted a new all-electric vehicle that gets 205 miles on a single charge and is set to hit the U.S. market later this year. Read More...
Chinese electric carmaker BYD on Tuesday announced an ambitious plan at the North American International Auto Show to become China’s top automaker by 2015 and the world no.1 by 2025. As its first step of the plan, it will launch an electric car in the U.S. this year, BYD chairman Wang Chuanfu said. Read More...
Vehicle uses “iron-based” battery to get 200 miles between charges.
DETROIT – Chinese automaker BYD Auto today rolled out a massive electric vehicle today that uses an “iron-based” battery to go more than 200 miles on a charge. Read More...
Somehow it feels like there’s just no American motorshow that passes without BYD showcasing their F3DM plug-in electric hybrid car. The F3 itself we’ve seen many times, appearing first on this blog back in 2005. At that point the F3’s unique selling point was of course the ability for its owner to have either a copy of a Toyota Corolla or a Honda City, depending on what angle you’re looking at the car. Read More...
China’s BYD Auto has received a lot of recognition for vehicles they have been working on. Many are eagerly awaiting the companies offerings expected to arrive in the U.S. next year. The company has promised low prices, long ranges, and other innovative technology. The wait may be coming to an end as the automaker will display two of its vehicles at the NAIAS in Detroit in January. Read More...
I can’t wait to see the BYD E6 when it’s shown off at the North American International Auto Show in Detroit next month. That this is an important car may become clear only in retrospect. BYD is the Chinese battery company now 10 percent owned by Warren Buffett, who appears eager to purchase more. And why not? BYD is vertically integrated, well capitalized, and has the size and determination to succeed with a push into the American market—scheduled for 2011. Read More...
HONG KONG, Nov 27 (Reuters) – Chinese car and battery maker BYD Co Ltd (1211.HK) said late on Thursday its nine month earnings rose 201 percent due to strong car sales in its domestic market as it benefited from Beijing’s supportive measures.
BYD, 10 percent owned by U.S. billionaire Warren Buffett’s Berkshire Hathaway (BRKa.N), posted a net profit of 2.34 billion yuan ($342.8 million) from January to September, up from 777.8 million yuan the previous year.
This is the first time the company reported its nine-month results.
Source: reuters.com Read More...
The rising price and limited supply of oil is making new energy vehicles one of the best choices for future driving options. Observers say the ongoing Guangzhou Auto Show is bringing new energy cars closer to customers. Read More...
Beijing Automotive Industry Holding Corp. (BAIC),which is currently operating in partnership with German car-giant Daimler AG, has unveiled a new electric car aimed at carving some of the domestic electric car market away from Chinese rivals BYD and Chery.
The BE701 is a four door sedan capable of reaching 124 miles on a single charge, with a top speed of 100 mph.
BAIC has not yet revealed a mass-production schedule for the BE701, but has unveiled details of its new clean energy vehicle development and manufacturing facility. This new plant is being built with a total investment of 2.28 billion yuan ($334 million) and is said to be capable of producing some 50,000 electric vehicles and 100,000 hybrid models each year!
Source: allcarselectric.comRead More...
Warren Buffett met with students from Rice University’s graduate school of business yesterday. Each year, Mr. Buffett meets with several groups of business students and provides advice on business and investing topics. According to an article in the Houston Chronicle, Mr. Buffett made some comments regarding peak oil and the prospects for electric cars:
Source: gurufocus.comRead More...
Nov. 20 (Bloomberg) — BYD Co., a Chinese battery and car maker, will delay publicly introducing the F3DM plug-in hybrid vehicle until next year because of the high price it would have to charge, Radio Television Hong Kong reported.
The company has also pushed back the F3DM, billed as the world’s first mass-produced plug-in hybrid, because the government hasn’t decided whether to subsidize the project, according to the report, which cited company founder Wang Chuanfu. BYD, based in Shenzhen, expects to sell 430,000 to 440,000 vehicles this year, the RTHK report said.
Calls to BYD spokesman Paul Lin’s cellular phone weren’t answered.
Source: bloomberg.comRead More...
Forecasting the potential proliferation of electric vehicles is a tricky task for investors.
When legendary value investor and Berkshire Hathaway (NYSE: BRK-A – News, BRK-B – News) CEO Warren Buffett talks, Wall Street listens. But when legions of like-minded money managers and individual investors follow his moves, it sometimes inflates stock prices beyond what Buffett would have been willing to pay in the first place.
Source: finance.yahoo.comRead More...
While the West is still caught in endless debates on subsidies and counter-productive lobbies from petroleum and coal coalitions, China is producing electric cars and in the meantime, refining them.
The gist is while the West is barely waking up from a gluttonous party of ever increasing profits, the leaner and definitely hungrier China has taken the opportunity to leap frog the competition by introducing electric and hybrid cars early into the game. If most western shrug off Chinese quality as not coming close to the western world standard, China is in the meantime gathering know-how, experience and refining its initial trials.
Source: examiner.comRead More...
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