BYD business news
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good for them.........
Well, a pleasant surprise for BYD..............and yet not a real surprise. The facts are this - it IS a attractive car on the outside (pics don't really do it justice) and it's comfortable on the inside. The base model starts at just under 70,000rmb and there are several models above that, offering options such as ABS, EBD, airbags, CD changer......even a optional DVD/GPS screen!! There's nothing earth-shattering about the F3 and nothing revolutionary about it.....it's just a pleasant car that looks to be fairly durable and reliable for a GREAT price.
You know, as little as 4 years ago chinese car buyers avoided chinese cars like the plague (it didn't help much that there were almost NO "quality" chinese cars available yet).........but NOW with cars like the F3 (and many others now) the chinese car buyer has some real CHOICES nowadays. Foreign and chinese brands are competing side by side, and the "battle" has just begun!! Let's look at the F3's competitors (within 10,000rmb):
VW Santana, Jetta
Honda Fit
Nissan Livinia
Toyota Vios (base model)
Hyundai Excel/Kia Rio
Chevrolet Sail, Aveo, Lova
Brilliance FRV
Chery A3 (upcoming), Fulwin, A5 (base model)
Geely FC-1
Xiali C1 (4 door)
Shanghai Maple AB, 305
I know there are some that I'm missing, but my point is..........WHAT A LIST!! Four year ago NONE of the foreign brands would have been there, they were still priced MUCH higher at the time! Four years ago LESS THAN 25% of these cars were available - and this list isn't even complete.
I suppose when you look at this list and realize that the F3 is the 7th best selling car (amongst ALL cars, not just it's price range) in China.......MIGHTY impressive. BYD looks like it might just be here to stay, and if it can incorporate it's battery experience into hybrid vehicles (there's already a F3 hybrid that will be available soon if it isn't already)........wow.
Well, a pleasant surprise for BYD..............and yet not a real surprise. The facts are this - it IS a attractive car on the outside (pics don't really do it justice) and it's comfortable on the inside. The base model starts at just under 70,000rmb and there are several models above that, offering options such as ABS, EBD, airbags, CD changer......even a optional DVD/GPS screen!! There's nothing earth-shattering about the F3 and nothing revolutionary about it.....it's just a pleasant car that looks to be fairly durable and reliable for a GREAT price.
You know, as little as 4 years ago chinese car buyers avoided chinese cars like the plague (it didn't help much that there were almost NO "quality" chinese cars available yet).........but NOW with cars like the F3 (and many others now) the chinese car buyer has some real CHOICES nowadays. Foreign and chinese brands are competing side by side, and the "battle" has just begun!! Let's look at the F3's competitors (within 10,000rmb):
VW Santana, Jetta
Honda Fit
Nissan Livinia
Toyota Vios (base model)
Hyundai Excel/Kia Rio
Chevrolet Sail, Aveo, Lova
Brilliance FRV
Chery A3 (upcoming), Fulwin, A5 (base model)
Geely FC-1
Xiali C1 (4 door)
Shanghai Maple AB, 305
I know there are some that I'm missing, but my point is..........WHAT A LIST!! Four year ago NONE of the foreign brands would have been there, they were still priced MUCH higher at the time! Four years ago LESS THAN 25% of these cars were available - and this list isn't even complete.
I suppose when you look at this list and realize that the F3 is the 7th best selling car (amongst ALL cars, not just it's price range) in China.......MIGHTY impressive. BYD looks like it might just be here to stay, and if it can incorporate it's battery experience into hybrid vehicles (there's already a F3 hybrid that will be available soon if it isn't already)........wow.
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I think the VW jetta costs alot more than the F3. For the costs of 1 Jetta you could buy 2 F3's. same can be said about the corolla which is a copy.
BYD got to get the F6 on the market. If the F3 can outsell the corolla and honda city. F6 should outsell Camry and Accord.
BYD got to get the F6 on the market. If the F3 can outsell the corolla and honda city. F6 should outsell Camry and Accord.
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305 Posts
As of today.............
As of June 14, 2007:
Current lowest price for the BYD F3: 73,800rmb (base model)
Current lowest price for VW Jetta: 79,800rmb (CiX model)
Yes, I know it seems REALLY HARD TO BELIEVE.............but it's true!! What happened to VW's prices??? It's been happening right under our noses a bit at a time....the same goes for the Polo (4 door or hatchback) - starting prices are around 85,000rmb now. Now...........let's keep in mind that the Jetta CiX model is pretty much a "power nothing" model (basically the model that most of the taxi companies buy) - but it's still a Jetta with VW quality and reliability for UNDER 80,000rmb!!!! You want power windows or a CD? Go for the CiF MT or AT models..........86,000 for the MT and 98,000 for the AT.
Price cuts have become almost a monthly thing here in China now.....the real game is to guess WHICH car is going to drop in price next!! As the competition continues to heat up (more models from more companies), the prices will continue to drop - and 2007 doesn't really show signs of hitting bottom yet. Experts THOUGHT 2007 would be the turnaround year, but it looks like 2008 now. Good news for me though..........I can still watch prices drop a but more BEFORE I buy a car! :lol:
As of June 14, 2007:
Current lowest price for the BYD F3: 73,800rmb (base model)
Current lowest price for VW Jetta: 79,800rmb (CiX model)
Yes, I know it seems REALLY HARD TO BELIEVE.............but it's true!! What happened to VW's prices??? It's been happening right under our noses a bit at a time....the same goes for the Polo (4 door or hatchback) - starting prices are around 85,000rmb now. Now...........let's keep in mind that the Jetta CiX model is pretty much a "power nothing" model (basically the model that most of the taxi companies buy) - but it's still a Jetta with VW quality and reliability for UNDER 80,000rmb!!!! You want power windows or a CD? Go for the CiF MT or AT models..........86,000 for the MT and 98,000 for the AT.
Price cuts have become almost a monthly thing here in China now.....the real game is to guess WHICH car is going to drop in price next!! As the competition continues to heat up (more models from more companies), the prices will continue to drop - and 2007 doesn't really show signs of hitting bottom yet. Experts THOUGHT 2007 would be the turnaround year, but it looks like 2008 now. Good news for me though..........I can still watch prices drop a but more BEFORE I buy a car! :lol:
Some new BYD auto news updates ..pretty good for BYD
SHENZHEN, China — The latest Chinese automaker to climb on the export bandwagon overseas is a relative newcomer whose parent is one of the world's largest producers of cell phone batteries.
BYD Auto has been building cars for less than 10 years, and last year sold only 60,000 vehicles in China. Those were mostly its compact F3 sedan, a knockoff of the Toyota Corolla. This year, it wants to hike sales to 150,000.
Now the company is preparing to launch its midsize F6 sedan, with 2.0- and 2.4-liter four-cylinder engines, and says it wants to bring the car to the U.S. by 2010. Before then, it plans to begin selling the smaller F3 in Europe, starting in 2008.
In China, the F3 starts at a modest $9,400, while the F6 is expected to retail for around $19,800.
BYD is likely to encounter stiff resistance from such other Chinese competitors as Brilliance, Chery and Geely — all of whom are gearing up for major export drives over the next two to three years.
What this means to you: BYD is hardly a catchy brand name.
source:.edmunds.com
SHENZHEN, China — The latest Chinese automaker to climb on the export bandwagon overseas is a relative newcomer whose parent is one of the world's largest producers of cell phone batteries.
BYD Auto has been building cars for less than 10 years, and last year sold only 60,000 vehicles in China. Those were mostly its compact F3 sedan, a knockoff of the Toyota Corolla. This year, it wants to hike sales to 150,000.
Now the company is preparing to launch its midsize F6 sedan, with 2.0- and 2.4-liter four-cylinder engines, and says it wants to bring the car to the U.S. by 2010. Before then, it plans to begin selling the smaller F3 in Europe, starting in 2008.
In China, the F3 starts at a modest $9,400, while the F6 is expected to retail for around $19,800.
BYD is likely to encounter stiff resistance from such other Chinese competitors as Brilliance, Chery and Geely — all of whom are gearing up for major export drives over the next two to three years.
What this means to you: BYD is hardly a catchy brand name.
source:.edmunds.com
BYD Autos Sell Well in Maroc
Friday, April 11, 2008
It has sold 90 units of BYD F3 model autos in one week. The auto is sold between 125,000 and 139,000 UAE Dirham per unit, which is 20 percent to 40 percent lower than the counterparts. On the other hand, the F3 model boasts its low oil consumption of 4.71 liters per 100 kilometers, which is most attractive to local consumers because local fuel is expensive.
BYD auto ranks on the best-seller list in Marrakech, the third largest city of Maroc.
The F3 model targets ordinary families, auto leasing companies and government departments. BYD autos will for the first time take part in Casablanca International Automotive Exhibition to be held this May.
Other models will be launched in Maroc soon, said a local agent.
China-made autos started entering Maroc since the start of 2006 and have attracted local consumers because of low prices and good quality. They have seized a considerable market share in the country.
http://www.tradingmarkets.com/.site/news/Stock News/1348546/
Friday, April 11, 2008
It has sold 90 units of BYD F3 model autos in one week. The auto is sold between 125,000 and 139,000 UAE Dirham per unit, which is 20 percent to 40 percent lower than the counterparts. On the other hand, the F3 model boasts its low oil consumption of 4.71 liters per 100 kilometers, which is most attractive to local consumers because local fuel is expensive.
BYD auto ranks on the best-seller list in Marrakech, the third largest city of Maroc.
The F3 model targets ordinary families, auto leasing companies and government departments. BYD autos will for the first time take part in Casablanca International Automotive Exhibition to be held this May.
Other models will be launched in Maroc soon, said a local agent.
China-made autos started entering Maroc since the start of 2006 and have attracted local consumers because of low prices and good quality. They have seized a considerable market share in the country.
http://www.tradingmarkets.com/.site/news/Stock News/1348546/
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709 Posts
Now that is truly admirable in light of the horrible catastrophe in China. I love to read news like that.
BYD Auto aims to sell 800,000 vehicles in 2010
September 10, 2008
Shanghai, September 10 (Gasgoo.com) Chinese carmaker BYD Auto announced it will get both its output and sales at 800,000 units by 2010, said Beijing Morning Post today.
The report said BYD Auto plans to produce and sell 200,000 units in 2008 and get this figure doubled by 2009. The carmaker expects to boost output and sales to 800,000 units by 2010.
BYD Auto's F0 has been on sale in the home market from September 2, available in four 1.0L editions: economic, comfort, luxury and elegant versions with a selling price at 36,900 yuan ($5386.86), 39,900yuan, 43,900 yuan and 46,900 yuan respectively. Six colors are offered for choices.
Eight models are expected to go into BYD’ s sales network, including the upcoming F8, F2, F4, F5, DM electric car, and the existing F0,F3 and F6.
BYD Auto posted a138.87% total profit increase for the first half this year, ranking the top three in the domestic market , said Xia Zhibing, general manager of BYD Auto Sales Co.
http://www.gasgoo.com/auto-news/1007720/BYD-Auto-aims-to-sell-800-000-vehicles-in-2010.html
I think this is pretty much just another wet dream by BYD, just like they said they'll be number 1 in the world by 2015, I mean c'mon from 2 00 000 to 8 00 000 in just 2 years, I don't think that is possible.
September 10, 2008
Shanghai, September 10 (Gasgoo.com) Chinese carmaker BYD Auto announced it will get both its output and sales at 800,000 units by 2010, said Beijing Morning Post today.
The report said BYD Auto plans to produce and sell 200,000 units in 2008 and get this figure doubled by 2009. The carmaker expects to boost output and sales to 800,000 units by 2010.
BYD Auto's F0 has been on sale in the home market from September 2, available in four 1.0L editions: economic, comfort, luxury and elegant versions with a selling price at 36,900 yuan ($5386.86), 39,900yuan, 43,900 yuan and 46,900 yuan respectively. Six colors are offered for choices.
Eight models are expected to go into BYD’ s sales network, including the upcoming F8, F2, F4, F5, DM electric car, and the existing F0,F3 and F6.
BYD Auto posted a138.87% total profit increase for the first half this year, ranking the top three in the domestic market , said Xia Zhibing, general manager of BYD Auto Sales Co.
http://www.gasgoo.com/auto-news/1007720/BYD-Auto-aims-to-sell-800-000-vehicles-in-2010.html
I think this is pretty much just another wet dream by BYD, just like they said they'll be number 1 in the world by 2015, I mean c'mon from 2 00 000 to 8 00 000 in just 2 years, I don't think that is possible.
China's BYD to buy wafer maker for $29 mln
Wed Oct 8, 2008
Chinese battery maker BYD Co will soon announce the acquisition of local wafer maker SinoMOS Semiconductor (Ningbo) Inc for 200 million yuan ($29 million), newspapers reported on Thursday.
The official Shanghai Securities News quoted Wang Jianjun, assistant to BYD's president, as saying the acquisition would help BYD commercialise electric cars. BYD plans to launch its "F3 Dual-Mode" hybrid cars in China this year and Europe by 2010.
MidAmerican Energy, a unit of U.S. billionaire Warren Buffett's Berkshire Hathaway agreed late last month to buy a 10 percent stake in BYD for $230 million
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSHA17953620081009
Wed Oct 8, 2008
Chinese battery maker BYD Co will soon announce the acquisition of local wafer maker SinoMOS Semiconductor (Ningbo) Inc for 200 million yuan ($29 million), newspapers reported on Thursday.
The official Shanghai Securities News quoted Wang Jianjun, assistant to BYD's president, as saying the acquisition would help BYD commercialise electric cars. BYD plans to launch its "F3 Dual-Mode" hybrid cars in China this year and Europe by 2010.
MidAmerican Energy, a unit of U.S. billionaire Warren Buffett's Berkshire Hathaway agreed late last month to buy a 10 percent stake in BYD for $230 million
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSHA17953620081009
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