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.

BYD’s profit falls 20.8pc for 2014 amid slowing growth in Chinese car market

Net income at electric-car maker BYD came in at 437.9 million yuan, in its preliminary 2014 report, well under a consensus estimate of 687.5 million yuan. Photo: Bloomberg

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 raises 2.3b yuan by selling subsidiary

The carmaker has also announced it will issue 3 billion yuan of corporate bonds in single or multiple tranches in China. Photo: AFP

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

Rouble fall blamed as BYD shares take a dive

Rumours of Berkshire Hathaway cutting its stake in electric car maker BYD were partly cited for yesterday's heavy sell-off in the mainland company. Photo: Reuters

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

Beijing's clean-energy incentives give price edge to Chinese carmakers

Local carmakers such as BYD price their electric car models mostly between 120,000 yuan and 140,000 yuan after deducting subsidies.

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's California factory rolls out first electric buses

Besides launching its electric buses in the US on Monday, BYD plans to have four car models in the market by next year. Photo: AFP

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

Shenzhen-based BYD failed to deliver jobs or pay California minimum wage

California Governor Jerry Brown tries out a BYD bus. Photo: AP

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 3 comments

Tesla blaze renews safety concerns with electric cars

A quick charger for BYD taxis in a Hong Kong parking lot overheated and emitted smoke in June. Photo: David Wong

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

BYD profit forecast to plunge in quarter

BYD expects profits to fall to between 3 million yuan and 50 million yuan in the third quarter.

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

Tesla hits China speed bump, BYD turns around

Tesla is likely to negotiate a deal to regain the rights to its trademark in China. Photo: AFP

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

Petrol fuels BYD comeback as sales pick up

BYD's first-half net profit rose to 426.9 million yuan.

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

Dream cars are electric

The mainland vehicle maker BYD is so far struggling to make its dream of leadership in electric cars and buses a reality. Photo: Reuters

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

Electric vehicles: Geely revs up, BYD drives into Hong Kong

Hong Kong saw its first electric taxis hit the streets on Saturday in a step towards reducing the city’s high levels of roadside pollution. Photo: SCMP

New moves by Geely and BYD indicate the EV space is gaining momentum among China's domestic automakers, providing a psychological boost for the sector

21 May 2013 - 9:03am

BYD shares rise as electric taxis hit Hong Kong roads

The first six of BYD's 45 electric taxis will begin service in the city today. Photo: AP

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

Don't kid yourself that electric taxis are green

A BYD e6 electric taxi

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

All hail the new e-taxi, unless you've got luggage

Two models try their best to make the eight-months' late eTaxis look more appealing at yesterday's launch ceremony. Photo: K. Y. Cheng

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