BYD

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.

BUSINESS DIGEST

Business Digest, February 28, 2013

28 Feb 2013

China's gross domestic product will grow at an annualised rate of about 8 per cent in the first quarter of this year, while the consumer price index will rise an annualised 2.6 per cent, the China...

Carmakers turn to public sector

25 Feb 2013

New-energy vehicles may be the answer to the worsening air quality in the mainland's major cities, but makers of electric and plug-in hybrid cars are delaying their sales plans in the consumer...

Vehicle makers' shares are boosted by leap in mainland sales

16 Feb 2013

Vehicle makers' stocks continued to rally yesterday, with electric-car manufacturer BYD closing above HK$30 for the first time in 21 months after robust sales on the mainland last month.

Ford steps on the gas for Hong Kong taxi market share

4 Feb 2013

For the first time in a decade commuters will be spoiled for choice when hailing a taxi in the city. Following on the tail of carmakers BYD, Nissan, and a local Fiat dealer, the biggest commercial...

Business Digest, January 8, 2013

8 Jan 2013

CIC eyes Daimler stake, People's Daily reports

Opinion

Wang Xiangwei

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A house is not a home until it becomes affordable

Port Miami delegation in Beijing to woo Asian cargo

A high-powered team from Port Miami will meet more than 70 mainland manufacturers, investors and government bodies in Beijing today in a bid by eastern American and Gulf coast ports to attract...

Business Digest, November 8, 2012

BYD stock jumps over 10pc on policy hopes

Business Digest, November 5, 2012

Brightoil blames heavy losses on poor demand

BYD tumbles after posting sharp decline in Q3

BYD, the Chinese automaker partly owned by billionaire Warren Buffet, slumped on Tuesday after it posted a sharp decline in net profit for the third quarter. The stock fell by 5.35 per cent to HK$...

Cars: Japan's long winter, BYD sputters

The prognosis isn't looking good for Japanese car brands in China, with Honda (Tokyo: 7267) becoming the latest predictor that the gloom plaguing Japan's big three automakers could last into next...

EARNINGS

Carmaker BYD caught in drag from solar business, lower car demand