BYD | South China Morning Post
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  • Feb 28, 2015
  • Updated: 11:12pm

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.

Buffett magic lifts Wang to top of China rich list

Warren Buffett's Midas touch has catapulted Wang Chuanfu to the top of China's rich list, as the BYD chairman's net worth has jumped more than fivefold over the past year, thanks to the US investment guru's HK$1.8 billion purchase of a stake in the car and battery maker.

Friday, 6 November, 2009, 12:00am

In Brief

BYD profit drops 7pc on slowing economy and material costs

1 Sep 2008 - 12:00am

Foxconn to focus on Nokia, Samsung orders

After reporting disappointing results for last year, the world's biggest contract handset manufacturer Foxconn International Holdings is looking to build up orders from Nokia Corp and Samsung Electronics amid intensifying competition against BYD Electronic (International).

29 Apr 2008 - 12:00am

Great Wall unveils plan to export cars to US and Europe

Great Wall Motor, the mainland's largest sport-utility vehicle and pickup truck maker, plans to export vehicles to the United States and western Europe by 2010, according to its top executives.

19 Apr 2008 - 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

Results

Today Interim: Art Textile Technology International, Hua Han Bio-Pharmaceutical Holdings, Hua Yi Copper Holdings, Prime Investments Holdings, See Corporation, Solartech International Holdings, V.S. International Group

20 Mar 2008 - 12:00am

Results

Today Interim: BYD Company, China Power New Energy Development, Linmark Group

Final: B.A.L. Holdings, Sunway International Holdings

AGM: Ming Fung Jewellery Group

Tomorrow 1st Quarter: Semiconductor Manufacturing International Corporation

AGM: China Sciences Conservational Power, Fountain Set (Holdings)

28 Jan 2008 - 12:00am

Mainland cars making US inroads

In the car business it is wise to keep looking in the rear-view mirror because someone may be gaining on you.

That was the case at the North American International Auto Show in Detroit earlier this month when newcomer BYD Auto stole much of the attention from mainland rivals Geely and First Auto Works with its plug-in hybrid mid-sized car, the F6DM (for dual mode).

28 Jan 2008 - 12:00am

Sinoma surges but tepid mood hits two debuts

China National Materials (Sinoma), the world's largest cement engineering service provider, yesterday shrugged off lukewarm sentiment towards new offerings, climbing 34.89 per cent on its first trading day.

21 Dec 2007 - 12:00am

Foxconn keeps legal pressure on rival BYD

Foxconn International Holdings has urged its rival BYD, which will spin off its handset business on the Hong Kong Stock Exchange's main board next Thursday, to disclose more information about any possible write-off due to an ongoing intellectual property lawsuit.

14 Dec 2007 - 12:00am

Eyang seeks HK$130m to lift output

Eyang Holdings (Group), a maker of electronic capacitors and mobile telephones, is aiming to raise HK$130 million from its initial public share offering to expand production capacity and research and development capability.

12 Dec 2007 - 12:00am

BYD eyes HK$6b gain from spin-off

BYD Electronic (International), a handset unit of battery maker BYD, aims to raise HK$7.7 billion by issuing 550 million shares in a Hong Kong initial public offering.

6 Dec 2007 - 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

Foxconn accuses BYD of obtaining secret data

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 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