Byd Auto

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.

Media Muzzled over fatal electric taxi fire

Guangdong propaganda authorities have urged local media not to report anything critical about electric cars or BYD Auto after one its e6 taxis burst into flames in a Shenzhen crash, killing its driver and two passengers.

Tuesday, 29 May, 2012, 12:00am

BYD cuts profit hopes as electric car interest lags

Car and battery maker BYD has warned that its full-year net profit could fall as much as 65 per cent - worse than analysts had forecast.

29 Oct 2011 - 12:00am

BYD hopes e6 will electrify sales

Mainland carmaker BYD Automobile is hoping its new e6 electric car, which went on sale in Shenzhen yesterday, will help steer a turnaround in the company's fortunes.

Senior manager Paul Lin said BYD would see a profit on the car if sales exceeded 10,000 units a year. 'I don't see why we can't sell 20,000 or even 30,000 cars next year.'

27 Oct 2011 - 12:00am

Market Calls

Car and battery maker BYD (1211) has had a tough year. Last week alone, its share price fell 20 per cent last week after the firm announced an 88.63 per cent drop in first-half profit, year on year. Warren Buffett's Berkshire Hathaway owns 9.56 per cent of the firm.

29 Aug 2011 - 12:00am

BYD to raise up to 6b yuan with bond sale

Warren Buffett-backed carmaker BYD said yesterday that it would tap the markets for new funds for the third time in five months, announcing plans to issue up to six billion yuan (HK$7.32 billion) in mainland domestic bonds.

27 Aug 2011 - 12:00am

BYD may skid into a large loss, filings show

Warren Buffett-backed carmaker BYD Automobile may swing to a net loss of as much as 153.74 million yuan (HK$187.7 billion) in the quarter ending next month, an analysis of the company's stock exchange filings shows.

24 Aug 2011 - 12:00am

Listing filing lifts shares in Great Wall

Shares in Hebei-based Great Wall Motors rose 3.2 per cent yesterday after the carmarker finally filed a listing document to Beijing regulators for its long-planned Shanghai share sale.

2 Aug 2011 - 12:00am

BYD estimates up to 95pc dive in net profit

Warren Buffett-backed carmaker BYD said first-half profit plunged as much as 95 per cent on slumping sales of vehicles and mobile phones.

14 Jul 2011 - 12:00am

BYD shares rise 46pc on debut

A-shares in Warren Buffett-backed carmaker BYD Auto rose as much as 46 per cent on their trading debut in Shenzhen yesterday, despite the company announcing bleak first-quarter results the previous day.

1 Jul 2011 - 12:00am

BYD shares rise 10.1pc on post-results cheer

Shares of BYD, the biggest maker of rechargeable batteries on the mainland, yesterday rose 10.14 per cent to close at HK$13.90 after a better than expected full-year result.

The company said on Monday net profit grew 44.2 per cent to 1.61 billion yuan (HK$1.78 billion yuan) for the year to December. Sales rose 63.9 per cent to 21.21 billion yuan.

26 Mar 2008 - 12:00am

Battery maker BYD to export electric cars

BYD, a Hong Kong-listed handset battery maker, plans to export its own-branded electric cars to the United States and western Europe by the middle of next year.

'We aim to sell 1.5 million vehicles in eight years' time with the export business making up 50 per cent,' said Xia Zhibing, a general manager at BYD Auto Sales, on the sidelines of the Guangzhou car show yesterday.

20 Nov 2007 - 12:00am

BYD targets HK$6.2b spin-off

BYD, the mainland's largest maker of rechargeable batteries, said it would book an exceptional gain of more than five times its profit for last year from a separate listing of its handset unit.

The one-off gain would amount to between HK$1.93 billion and HK$6.24 billion, the company said yesterday.

24 May 2007 - 12:00am

BYD shares close at new high as income doubles

Shares in BYD, the mainland's largest rechargeable battery maker, jumped to its highest since listing five years ago after it said earnings last year more than doubled as it signed up new clients Nokia and Motorola to buy its handset parts.

20 Mar 2007 - 12:00am