BYD Co makes rechargeable batteries and cars in Shenzhen in Guangdong province. Founded in February 1995, and listed in Hong Kong in 2002, the origin of the company’s name is uncertain, with some saying it could simply be an acronym based on its Chinese name or from the phrase “build your dreams”. BYD’s profile was raised in 2008 when a unit of billionaire Warren Buffett’s Berkshire Hathaway invested about US$230 million in BYD.
Chinese carmaker BYD, partly owned by Warren Buffett’s Berkshire Hathaway, has reported a 20.8 per cent year-on-year drop in preliminary net profit for last year, due to slower domestic market growth and declining profitability in solar energy businesses.Friday, 27 February, 2015, 9:38am
BYD, the Chinese carmaker backed by Warren Buffett, has agreed to sell a subsidiary to Holitech for 2.3 billion yuan (HK$2.88 billion), the company said in a filing to the Hong Kong stock exchange late Thursday.
Also Shenzhen-headquartered, Holitech is engaged in chemical raw materials, chemical products and touch screen businesses.13 Feb 2015 - 9:47am
Shares of mainland carmaker BYD, partly owned by Warren Buffett's Berkshire Hathaway, plunged on Thursday, triggering a flurry of market rumours that the company dismissed even as it failed to specify the cause.19 Dec 2014 - 6:55am
The latest government incentives have armed mainland car brands with competitive price advantages as they seek to win market share in the burgeoning "new-energy" car market from foreign brands.28 Jul 2014 - 6:46am
BYD, the Chinese carmaker partly owned by Warren Buffett's Berkshire Hathaway, rolled out the first two electric buses from its factory in California on Monday as it pushes into the United States and Canadian markets.30 Apr 2014 - 1:31am
At the height of the recession, Los Angeles officials spent a year and a half wooing a Chinese hi-tech business to open its North America headquarters in the city, with Governor Arnold Schwarzenegger travelling to China to persuade its executives.27 Oct 2013 - 6:22am 4 comments
When debris on a freeway near Seattle, Washington, pierced the battery of a US$70,000-plus Tesla Model S and touched off a raging fire, it raised new safety concerns for owners of electric cars.
It also caused rare jitters among investors, who of late have viewed Tesla as nearly invincible.4 Oct 2013 - 2:19pm
Shares in Shenzhen carmaker BYD fell 11.8 per cent yesterday after the company forecast its smallest profits in a year next quarter, despite bumper profits in the first half. The stock closed HK$3.80 lower at HK$28.45.27 Aug 2013 - 4:02am
A couple of interesting news bits are coming from the new energy vehicle sector, including a potential roadblock into the China market for up-and-coming US player Tesla (Nasdaq: TSLA) and new results from struggling domestic electric car maker BYD (26 Aug 2013 - 6:21pm
Shenzhen-based BYD, best known for electric cars, is in the midst of a revival thanks to traditional petrol-fuelled vehicles. Its car sales jumped 25 per cent to more than 250,000 units in the first six months of this year, outpacing China's overall vehicle market growth rate of 11 per cent.26 Aug 2013 - 5:14am
BYD, whose initials stand for "Build Your Dreams", has built its dream on becoming China's leader in electric vehicles, the new-energy solution that mainland authorities have chosen to back in hopes of championing a made-in-China answer to both looming shortages of fossil fuels and the environmental challenge posed by a billion-plus people wanting their own set of wheels.10 Jun 2013 - 4:03am
New moves by Geely and BYD indicate the EV space is gaining momentum among China's domestic automakers, providing a psychological boost for the sector21 May 2013 - 9:03am
BYD shares rose as much as 6.3 per cent to HK$35.35 before closing 3.46 per cent ahead at HK$34.40. The stock has gained 48 per cent so far this year.21 May 2013 - 9:04am
Encouraged by the prospect of generous subsidies from the government's HK$300 million "green transport fund", the Hong Kong Taxi & Public Light Bus Association is leasing 45 battery-powered "e6" vehicles from Shenzhen-based manufacturer BYD.21 May 2013 - 9:04am 15 comments
The long-awaited electric taxis from mainland carmaker BYD will finally start taking passengers tomorrow - after an eight-month delay - but with cabbies already complaining, the question is whether the cars will survive beyond the six-month trial period.16 May 2013 - 8:02am 4 comments