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.
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.Wednesday, 26 March, 2008, 12:00am
Foxconn International Holdings, the world's biggest contract mobile-telephone maker, said two subsidiaries had sued BYD in Hong Kong, alleging its mainland competitor had been given confidential information by former Foxconn employees.13 Jun 2007 - 12:00am
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, the mainland's largest maker of rechargeable batteries, said it intended to sell shares in its handset component business and seek a separate listing for the unit to help it benefit from the industry's potential for rapid growth.
UBS will lead the share sale, with the aim of securing a listing in Hong Kong by August or September, a market source said.24 Mar 2007 - 12:00am