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.
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.
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.
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
Shanghai, December 3 (Gasgoo.com) Chinese carmaker BYD Auto announced yesterday that it has begun to set up its third dealership network across the country to boost sales growth, said xinhuanet.com today.
The third BYD sales network is code-named "A3 Network" and now the company has started recruiting dealers nationwide for the network expansion. The new dealerships are expected to sell the medium-grade BYD F5, MPV M6 and BYD's other new models.
Currently BYD has its A1 and A2 networks, which boast more than 300 4S stores.
Xia Zhibing, general manager of BYD's sales division, said that in 2009 BYD will launch five new models and aims to sell more than 400,000 vehicles in the whole year.
BYD's latest flagship model F3DM will hit the market on December 15. The electric hybrid model will be attached with a new blue BYD label, which is specially design for BYD new energy car models.
Recently, the F3DM has been approved for production and sale by China's Ministry of Industry and Information Technology (MIIT) - the state regulator of China's auto industry.
December 15, 2008
Shanghai, December 15 (Gasgoo.com) Shenzhen-based BYD Auto signed a Development Finance agreement with China Development Bank today. The automaker is also to introduce to the market today its first electric hybrid car F3DM, Nanfang Daily reported.
F3DM, BYD's latest heavyweight model, has been also sourced by the Chinese government, reflecting the government's strong support for new-energy car development.
Last week, China's Export and Import Bank (Eximbank) agreed to grant Chery Automobile, one of the country's Top 5 automakers, a loan of 10 billion yuan ($1.5 billion) to finance its overseas expansion. It was perceived as a signal of the government's "market rescue."
The moves indicate that China is helping its auto industry in policy and the home-brand carmakers are likely to get benefit first.
Wonder Auto to develop starter and alternator prototypes for Shenzhen BYD
Tue. December 30, 2008
Wonder Auto Technology, a manufacturer of automotive electrical parts, suspension products and engine accessories in China, has announced that one of its subsidiaries, Jinzhou Halla Electrical Equipment, has entered into development agreements with the Shenzhen BYD Auto Company, to develop starter and alternator prototypes for Shenzhen BYD.
Shenzhen BYD is a sub-company affiliated to Chinese car manufacturer BYD. The sample deliveries will commence in March 2009 for road testing.
Qingjie Zhao, chairman and CEO of Wonder Auto Technology, said: "We believe BYD will play an important role in the future development of the automotive industry in China, especially in new alternative energy vehicles.
"We are confident we will expand our customer base with such famous brand names as BYD even under the current recession, which will help maintain our sales growth momentum in the coming years."
BYD sells 170,000 vehicles in '08, to double in '09
January 15, 2009
Shanghai, January 15 (Gasgoo.com) In 2008, BYD Auto sold 170,000 vehicles, growing by 89% from 2007, and the company will seek bigger sales growth this year, said sina.com today.
The company aims to more than double the car sales to 40,000 units this year by launching more new car models. BYD sold about 170,000 vehicles last year, a huge increase from its sales of 90,000 vehicles in 2007. Much of that growth came from strong sales of the company's small cars, particularly the F0 subcompact and the F3 compact sedan.
BYD plans to launch at least five new vehicle models in 2009, including F5, F4 mid-sized sedan models, the M6 MPV, S6 SUV, and the F8 hardtop convertible models. The 2.0L M6 MPV will be put to market in October and is expected to sell 5,000 units by the year end. It will be sold by the BYD A3 network.
In addition to the Chinese launch of the F3DM in December -- the world's first plug-in hybrid production car -- BYD may also release two more electric car models, the e6 and F6DM, this year. The three Chinese-made electric car models have become the highlights of the ongoing Detroit auto show.
BYD Co., a battery and automobile producer based in Shenzhen, southern China, plans to introduce electric and plug-in hybrid vehicles to the U.S. and other global markets in 2011 and is considering building a U.S. plant when it is necessary.
February 06, 2009
Shanghai, February 6 (Gasgoo.com) BYD Co, a Chinese battery and automobile producer based in Shenzhen, Guangzhou province, is expected to post sales growth of nearly 80 percent year on year in January, Nanfang Daily reported today.
Official figures for automakers' sales in January is yet to release later this month, but the report said BYD is expected to post sales of 21,915 vehicles in January, up 79.8 percent from a year earlier.
Several other passenger car OEMs based in Guangdong province are also poised to post impressive monthly sales growth. According to the report, Guangzhou Honda Automobile Co and DongFeng Motor Co sold 28,000 and 30,111 vehicles respectively in January, both representing a year-on-year growth of higher than 20 percent.
The sales results follow reports that China might have passed the U.S. in monthly vehicle sales for the first time in January, a trend that could also make China into the world's largest new car market this year.
Industry insiders said that the government's supportive policies including reduction of auto purchase tax and incentives for the development of clean energy cars, are beginning to generate positive effects.
Shanghai, April 24 (Gasgoo.com) China's BYD Auto admitted today that it would cooperate with Volkswagen (VW) on iron battery supply, reported the Beijing News.
"BYD is willing to cooperate with foreign automakers on iron battery development," BYD sales manager Wang Jianjun told the newspaper.
He confirmed that BYD is in talks with a number of foreign companies on supplying them with battery products.
VW CEO Martin Winterkorn revealed at the Shanghai auto show this week that VW will be cooperating with Chinese carmaker BYD, which will soon be sending workers to VW's headquarters to introduce and demonstrate its technology.
The Chinese battery specialist and car maker launched F3DM, a plug-in hybrid car, in China late last year. the car is capable of traveling 62 miles on electric power only and the company plans to release two more electric models before the end of 2009.
BYD to build China's biggest auto-testing center
By George Gao From:Gasgoo.comNovember 17, 2009
Shanghai, November 17 (Gasgoo.com) China's battery and electric car manufacturer BYD Co. announced its plan yesterday to build China's largest vehicle-testing center with investment of 1.5 billion yuan ($219.7 million), China Daily reported. This move is aimed to lift its vehicle quality and R&D capability.
The auto-testing center, located in Shaoguan city, Guangdong province, will also include an auto-parts production base. The project is scheduled to start operation by 2012. With this testing center, the largest in China, BYD expects to become a global leader in auto R&D capability and vehicle quality control.
The automaker currently has a nationwide quality control and R&D system, including vehicle inspection lines, at its manufacturing bases in Xi'an and Shenzhen; a vehicle crash testing lab in Shanghai and an R&D center at its headquarters in Shenzhen, said China Daily.
In late September, BYD launched a high-speed curved cycling track in Shenzhen, the fifth proving ground of its kind in China, making it the first Chinese automaker to have its own circuit.
BYD, backed by investment guru Warren Buffet, dreams of becoming China's No. 1 automaker in about five years and the world's leading carmaker by 2025. It plans to get there by selling as many as 9 million hybrid or plug-in cars a year by 2025.