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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 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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China’s BYD: Year-over-year net profit triples

For China’s rapidly-growing industry, 2009 will be remembered as the year when domestic sales skyrocketed despite global tumbles from more established players from Europe, Japan and the United States. Warren Buffett-backed BYD – or Build Your Dreams – says its net profit increased to 3.79 billion yuan, or about $555.4 million, up significantly over the 1.02 billion yuan the year before.

Rapidly increasing sales of BYD’s best seller, its F3 sedan (pictured), bolstered the automaker’s net profit. Of BYD’s 450,000 new car deliveries last year, 290,000 were of its F3 sedan, which bears more than a passing resemblance to Toyota’s last-generation Corolla.

BYD is unique in that an American investor controls almost 10 percent of the Chinese automaker. Buffett’s MidAmerican Energy Holdings, the utility-oriented division of Berkshire Hathaway, has a 9.9 percent share in BYD. The company says about 53 percent of its revenue was derived from automobile sales; batteries and mobile handsets made up most of the rest of its sales.

The Chinese automaker says that it still plans to open a North American headquarters in 2010 to handle distribution of its e6 electric crossover vehicle, part of its goal to increase its export sales to about 10 percent of its business.

http://www.leftlanenews.com/chinas-byd-year-over-year-net-profit-triples.html
 

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Maybach 'not for sale'

Reports that the Maybach luxury brand could be sold to Chinese car maker BYD are untrue, according to Daimler.

Following widespread reports of a potential sale in China, a Daimler spokesman responded, "Maybach is an important part of Daimler's product portfolio. There is no other decision."

A BYD spokesman told the Reuters news agency the company had not been in contact with Daimler. "It's not true, it's market speculation," he said.

BYD is well known for being 10 per cent owned by American investor Warren Buffett. It is working with Daimler on developing electric cars for the Chinese market.

The future of Maybach has been the subject of speculation for some time, with Merc boss Dieter Zetsche refusing to confirm that a next-generation car was being planned. Last year just 200 Maybach sales were registered.

Zetsche told Autocar late last year, "The contribution of Maybach is not significant or relevant but there are only two players in this market and we are one of them. But there are no plans in the long run."
http://www.autocar.co.uk/News/NewsArticle.aspx?AR=248573
 

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China's BYD sending electric taxis to London

Chinese automaker BYD Co. is sending 50 electric cabs to London in a boost to China's struggling makers of all-electric vehicles.

BYD and cab company Green Tomato Cars Ltd. announced this week they will start trial use of 50 of BYD's e6 sedans in late 2013. They said it will be the British capital's first all-electric fleet.

BYD, one of whose investors is Warren Buffett's Berkshire Hathaway Corp., is seen by industry analysts as China's most advanced competitor in the infant electric vehicle industry.

The company has supplied 300 electric taxis and 200 electric buses used in the southern city of Shenzhen. It says the e6 can travel 180 miles on one charge.

BYD said it was supported in the London taxi venture by London & Partners, an agency set up by Mayor Boris Johnson to promote the city.

A Green Tomato Cars statement cited Johnson as saying promoting electric vehicles would help London achieve a government goal of making its taxis and minicabs zero-emissions by 2020.

China's government has promoted development of electric and hybrid auto technology with grants and other support to its auto industry but sales have been disappointing.

China's electric vehicle sales are falling behind the United States and Japan, according to McKinsey & Co. The consulting firm reported this week that sales of all-electric autos in China fell 31 percent in the second quarter to just 235 vehicles, compared with a 28 percent increase in the United States to 7,931 units.

That is well below the Chinese government's 2009 target of annual sales of 500,000 electric and hybrid vehicles by 2015, just three years from now.

McKinsey said China might be more successful if it de-emphasized all-electric vehicles and focused on developing hybrids that also have small internal combustion engines. That could help to reduce "range anxiety" — fears a car might run out of power, leaving the driver stranded.

The Chinese government has given signs it might be making such a change. A Cabinet statement earlier this year on auto policy affirmed support for electric vehicles but also broadened the industry's goals by calling for development of non-plug-in hybrids and more efficient gasoline engines.

BYD said in August its first-half profit plunged 94 percent to $2.5 million due to China's economic slowdown and tougher competition in the world's biggest auto market.
 

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BYD plug in sales grow globally, but US future remains cloudy

Coming off a year where it leapfrogged Tesla Motors in global electric vehicle sales, China-based BYD isn't shy about touting its green-vehicle technology and growing popularity. When it comes to specifics about when Americans can expect to see the company's plug-in vehicles en masse, however, the company is making about as much noise as an electric vehicle. It's being awfully quiet, in other words.

Last year, BYD more than doubled its global plug-in vehicle sales to almost 62,000 vehicles. By comparison, Tesla delivered 50,580 vehicles in 2015. The difference is about half of those Teslas were sold in the US, which accounted for a smattering of BYD electric vehicles earmarked specifically for fleet use. Indeed, most of BYD's plug-in models such as the e6 and the Qin were sold in China.

Talk to BYD, and the issues stem largely from a US government-backed effort towards plug-in vehicle adoption that pales in comparison to China. BYD America Vice President Michael Austin says that the $7,500 tax credit provided by the US federal government is insufficient if there isn't support from the federal and local governments in the form of more charging infrastructure. He notes that about 80 BYD e6 electric vehicles have been imported to the US, with about 50 of those brought to New York for taxi and ride-hailing purposes.

"Right now, we really don't have parts and distribution or consumer warranty service, and we don't have a dealer network," said Austin. "It's easier to service fleets."

Granted, BYD's aspirations for US passenger vehicle sales are nothing new. The company opened its North American headquarters in Los Angeles in October 2011, announcing at the time that it would supply electric buses to shuttle Hertz Car Rental customers at Los Angeles International Airport and making plans to sell both an electric sedan and an electric SUV in the US.

Such passenger-vehicle plans have failed to materialize, however, as BYD has since made a far larger mark selling its electric buses to municipalities such as Los Angeles and Long Beach, California. BYD's investors include US financier Warren Buffett.

Notably, BYD isn't the only company making noise about China-built plug-ins being imported to the US. Earlier this year, General Motors said its Cadillac CT6 sedan, which will include both gas-powered and plug-in hybrid variants, would be built in China. GM benefits from an existing partnership with China's SAIC and has cited the Chinese government's support for new-energy vehicle powertrain production as well as the expectation of strong China sales as reasons for building the model overseas.

"There's just no denying the increased presence and influence of the China's auto industry on the (US) market," said Kelley Blue Book senior analyst Karl Brauer. "There are still some obstacles to overcome, but I still think (BYD is) well-funded, and they're going to keep researching the process to get through the regulatory procedures.

BYD has said its e6 can go as far as 186 miles on a single charge, putting it at about the halfway point between the ranges of the high-end Tesla and the more affordable Nissan Leaf. As a result, while no clearer about forecasting a mass influx of BYD passenger plug-in vehicles, Austin was no less confident about BYD's prospects of making an impact on the US plug-in vehicle market.

"All I can say is that we're absolutely committed to bringing our fantastic design to the US," said Austin, noting that plug-in models such as BYD's Qin can go from 0 to 60 miles per hour in about five seconds. "If I brought that model to the US, it'd be a game-changer."
http://www.autoblog.com/2016/02/27/byd-plug-in-sales-grow-globally-us-future-uncertain/
 
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