• Wed
  • Aug 20, 2014
  • Updated: 5:31pm

Byd Company

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.

Time for HK to get serious about electric buses

Greatly reducing the pollution of Hong Kong's roadside air is as easy as replacing the fleet of ageing diesel buses with electric ones. The solution is as near as Shenzhen, where a leading producer of such vehicles, BYD, is based.

Tuesday, 2 October, 2012, 2:49am 2 comments

University student arrested in connection with crash

Shenzhen police have arrested a university student suspected of helping a drunk driver flee the scene of a crash on May 26 that caused an electric taxi to catch fire, killing the three people inside.

Police said the 21-year-old man is a student at Shenzhen University.

5 Jun 2012 - 12:00am

BYD expects rebound in car sales

BYD expects its car sales to jump more than 10 per cent this year, although overall profit may plunge by up to 95 per cent in the first quarter.

27 Mar 2012 - 12:00am

Buffett brushes up his musical act for CCTV gala

Investment expert Warren Buffett will try to woo Lunar New Year audiences on the mainland, not with advice on stocks but with his musical talent, state media reported yesterday.

6 Jan 2012 - 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 to raise a third less after setting low price

Warren Buffett-backed carmaker BYD's Shenzhen stock market listing will raise 35 per cent less than the maximum amount it originally sought.

21 Jun 2011 - 12:00am

Carmaker BYD applies to list new shares to fund 2.2b yuan expansion

BYD, the Hong Kong-listed mainland car and battery maker backed by US billionaire investor Warren Buffett, has applied to issue up to 79 million shares in Shenzhen.

It did not specify any time frame for the listing, but the China Securities Regulatory Commission is due to review the application on Monday.

7 May 2011 - 12:00am

Jia Sheng to pay HK$2.75b for battery maker

Shares in Jia Sheng Holdings surged as much as 49 per cent yesterday after the company said it planned to acquire a mainland lithium battery company for HK$2.75 billion.

24 Dec 2009 - 12:00am

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