• Wed
  • Sep 17, 2014
  • Updated: 11:24am


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.

Don't kid yourself that electric taxis are green

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.

Tuesday, 21 May, 2013, 9:04am 15 comments

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

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

Why analysts pick on BYD

BYD is a curiosity. The firm gets few breaks in brokerage reports: of the analysts who track the company, 15 have "sell" ratings, six are "neutral", while two are a "buy". Meanwhile, the firm's share price is up by a third in the year to date.

13 May 2013 - 3:25am

BYD raises cash, junks traditional cars

Warren Buffett has remained faithful to Chinese car maker BYD, refusing to change his 10 per cent holdings in the company despite a rapid tumble as its bet on electric vehicles fails to take off.

22 Apr 2013 - 11:06am

Guangdong eyes green car growth

Guangdong plans to spend 57.3 billion yuan (HK$70.82 billion) over the next 10 years to lead the mainland in producing new-energy vehicles, but will still fall far short of the sales target.

26 Mar 2013 - 3:18am

BYD charges ahead with Hong Kong e-taxi plans

BYD chairman Wang Chuanfu laid out a bold plan yesterday to replace 3,000 taxis running on liquefied petroleum gas in Hong Kong with its e6 electric cars within two years.

22 Mar 2013 - 4:32am

Business Digest, February 28, 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 Securities News said, quoting the State Information Centre, a leading government think tank. 

28 Feb 2013 - 5:02am

Carmakers turn to public sector

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 market in anticipation of a new round of government subsidies for buyers of these vehicles.

25 Feb 2013 - 5:01am

Vehicle makers' shares are boosted by leap in mainland sales

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.

16 Feb 2013 - 4:13am

Ford steps on the gas for Hong Kong taxi market share

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 carmaker in the United States, Ford Motor, says it also wants a piece of Hong Kong's taxi market, which Toyota has dominated since 2003.

4 Feb 2013 - 4:44am