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.

Why analysts pick on BYD

BYD's S7, a traditional petrol-powered sport-utility vehicle.

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.

Monday, 13 May, 2013, 3:25am

BYD raises cash, junks traditional cars

A model poses next to a BYD S7 SUV on media day at the Shanghai auto show on April 20, 2013. Photo: AFP

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

BYD says strong car sales over the past few months will boost its net profit by up to 4.2 times in the first quarter. Photo: May Tse

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

Carmaker BYD aims to have thousands of electric taxis operating in Hong Kong over the next two years. Photo: SCMP

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

BYD's net profit plunged 94.2 per cent to 81 million yuan last year on poor sales of its handset components and solar cells.

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

A charging pole on display at BYD's showroom at its Shenzhen headquarters. Photo: May Tse

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

Mainland car maker Geely saw record year-on-year sales growth of 67 per cent in January, which helped push its shares 7.66 per cent higher yesterday. Photo: Bloomberg

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

BYD might launch electric taxis after the Lunar New Year.

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.

8 May 2015 - 4:37pm

Business Digest, January 8, 2013

Cathay, Dragonair bundle airline tickets

CIC eyes Daimler stake, People's Daily reports

8 Jan 2013 - 4:21am

Port Miami delegation in Beijing to woo Asian cargo

A cargo ship, like the vessels Port Miami hopes to attract, is unloaded at Qingdao in Shandong province. Photo: AFP

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 Asian maritime interests.

5 Dec 2012 - 3:12am

Business Digest, November 8, 2012

Ericsson to cut nearly 9pc of Swedish staff

BYD stock jumps over 10pc on policy hopes

Shares in BYD, the Warren Buffett-backed car maker, surged more than 10 per cent yesterday, extending a six-day rise to nearly 30 per cent, on speculation the firm would benefit from the new measures supporting clean-energy vehicles in China. BYD shares finished up 10.63 per cent at HK$19.36. Jeanny Yu  

8 Nov 2012 - 2:22am

Business Digest, November 5, 2012

Canada delays decision on CNOOC's Nexen bid.

Brightoil blames heavy losses on poor demand

5 Nov 2012 - 3:25am

BYD tumbles after posting sharp decline in Q3

Billionaire investor Warren Buffett (L) and Bill Gates (R) speak at the September 2010 launch ceremony of Chinese electric vehicle BYD M6 in Beijing. Photo: AFP

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$14.86 as of 11:44 a.m. on Tuesday, compared with a decline of 0.48 per cent of the benchmark Hang Seng Index at the same time. The stock had fallen by as much as 7.01 per cent this morning.

30 Oct 2012 - 12:30pm

Cars: Japan's long winter, BYD sputters

Photo: AFP

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 spring and perhaps even longer.

30 Oct 2012 - 11:17am 1 comment

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

BYD didn't profit from lower sales of Japanese cars. Photo: AFP

Mainland electric carmaker BYD's third-quarter profit slumped 94 per cent due to weak domestic demand and losses from it solar panel business.

30 Oct 2012 - 4:25am