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Discussion Starter #1




BYD sold almost 11,000 F3's in 1 month. sales are still behind Chery qq flagcloud 2 VW's but ahead of honda accord and corolla.
 

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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.
 

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Discussion Starter #3 (Edited)
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.
 

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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:
 

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Toyota Corrola Front , Toyota Corolla Interior
Honda City Back and Toyota Engine :D
 

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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
 

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BYD plans to sell 200,000 vehicles, launch 4 models this year.

January 28, 2008 – China’s private automaker BYD plans to launch four models and sell 200,000 vehicles in Chinese market this year.

"Our goal is to sell 200,000 vehicles this year,” the company’s spokesperson Wang Jianjun said last week. “We plan to sell 150,000 F3 vehicles, 25,000 F6 and 25,000 F1 vehicles this year.”

F1, F6, F8 and F6 DM are four new models to be launched in Chinese market this year, Wang said.

F6 is powered by either a 2.0 liter BYD483QB engine or a 2.4 Mitsubishi 4G69liter engine. FYD dealerships have started to accept booking orders for this vehicle in January. It is priced 105,800 yuan to 135,800 yuan. The model is expected to be launched in March.

F1 is a small displacement sedan powered by a 1.0 liter BYD371QA. It meets EU-IV emission standards. The vehicle is priced between 30,000 yuan ($4,138) to 50,000 yuan ($6,900). The model will be delivered in April.

F8 has an electronic controlled sunroof. The vehicle is equipped with ABS and EBD systems. It has four airbags. The car will be launched in June and will be priced at about 200,000 yuan ($27,586).

F6DM is powered by a BYD iron battery pack and a gas engine. It will be 20,000 yuan higher than F6 vehicle.
source: Gasgoo.com
 

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BYD Auto opens R&D center in Shenzhen.

February 22, 2008 - BYD Auto, the Shenzhen-based Chinese auto maker, held an opening ceremony for a R&D center in Shenzhen yesterday. Meanwhile, the automaker also started production of an engine model it developed on its own efforts in the same day.

The new center will be used to test core components for BYD's electric vehicle, the company said on its website. Last month, BYD displayed a hybrid-electric F6 sedan in Detroit, which is due to hit the Chinese market in small volume by the end of this year.

Prior to this center, BYD operates another one in Shanghai.

Founded in 1995, BYD group is now the world's largest cell-phone battery maker. In 2003, the company branched out to automobile manufacturing businessby acquiring a now defunct Xi'an Qinchuan Automobile Co. and Beijing Jichi Motor Dies Co.

Earlier this month, BYD Auto unveiled a target to sell 200,000 vehicles in China this year, doubling its sales record last year.
source: Gasgoo.com
 

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BYD Auto's turnover rises 64% to $3.02 billion in 2007.

April 3, 2008 - A recent report on the annual achievement of the BYD stock (1211.HK) indicates that by the end of December 2007, BYD Auto's turnover had risen by 63.9% to RMB 21.211 billion ($3.02 billion) and the net profit had also risen by 44.2% to RMB 1.612 billion. The net profit of its automobile business is about RMB 257 million, up 122% over last year.

On March 25, the BYD stock rose by 10% to 13.92 HK dollars thanks to the carmaker’s good achievement. Sources from BYD also indicate that the group hopes to return to mainland China’s A share market in a short time. Thus it can create a capital scale with its 3 listed companies, and the total market value will be approaching RMB 100 billion in the future.

Industry figures show that BYD sold 101,000 vehicles in the whole year of 2007, up about 100% over 2006. Along with the promotion of BYD auto market status, the demand also is increasing day by day. BYD urgently needs to expand and enhance its automobile business, and the remarkable performance of the capital stock market strengthened “the blood transfusion” ability of its auto sector.

Xia Zhibing, general manager of the BYD auto sales company, says the company is fully prepared to achieve the 100% sales growth goal by selling 200,000 vehicles in 2008. This year BYD will still dedicate itself to exploring the market for vehicles below 2.4L displacement, and newly-launched F6 will also occupy 10% of the market.

F6 carries on F3’s “subversive” fixed price strategy, with its price reduced to RMB 89,800 -- RMB 159,800. Compared to joint-venture brands’ price strategy (they habitually fixed high price at the beginning and then gradually drop the price), F6 obviously has competitive advantage thanks to its accurate fixed price.

Xia Zhibing says at last that BYD stock is expected to return to the A share market in the first half of this year. He notes that the BYD cash flow is healthy, and this time its return to the A-share market also suggests the company's hope that the Chinese auto market can share the growth of BYD's automobile business.
source: Gasgoo.com
 

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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/
 

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BYD has Donated 10,000,000 RMB for CHINA WENCHUN Earthquake. it is a good and warmly recetpion for China People.
 

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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.
 

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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
 

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BYD Auto sets production and sales plans for 2009.

October 31, 2008 - An insider for Chinese carmaker BYD Auto said that the company has specified its plans for 2009 production and sales, which include the production of three new models and the self-developed DM (Dual Mode) electric vehicles, and the target of doubling its sales to 400,000 vehicles in the year, said xinhuanet.com today.

The three new models are BYD F8, BYD M6 and BYD S6. The BYD F8 is claimed to be China's first hard-top convertible sports coupe and will go on sale in the first quarter of 2009; the BYD S6 is a large SUV model based on a mid-class car chassis; and the BYD M6 is a medium- to large-size MPV model also based on a mid-class car chassis. BYD said its M6 and S6 are all-new in-house developed models, not derived from its F6 model.

BYD has also announced its plan for the DM (Dual Mode) electric models. Based on its strength in ferrous battery and clean eco-friendly power-train technologies, BYD has recently attracted the investment from U.S. energy giant Buffett in exploring the electric vehicle market. BYD will apply it DM system to the production of all its vehicles. The BYD F3DM will be launched in December this year while the BYD F0DM and BYD F6DM will go on sale in 2009.

The insider said that BYD will be easily fulfilling its 2008 sales goal of 200,000 units and has planned to double the yearly sales to 400,000 vehicles in 2009. This ambitious target is expected to help BYD overtake Geely Auto and become the second largest independent Chinese automaker by annual sales after Chery Auto.

BYD designed its own batteries that power the DM electric vehicles instead of contracting the power system out like most automakers. The proprietary batteries use lithium-ion iron phosphate. BYD states these batteries will last 600,000 km or 10 years before they will need to be replaced.
 
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