https://www.scmp.com/rss/225746/feed BYD is the world's largest maker of electric vehicles by units sold. Dominant in China, the company has since 2021 sought to aggressively expand sales of passenger cars to Europe, Southeast Asia, Oceania and South America. It also sells products ranging from electric buses and trucks to forklifts, solar panels and rechargeable batteries. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com 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. According to Thomson Financial estimates, last year's net profit at BYD had been expected to rise 35 per cent. BNP Paribas previously forecast... https://www.scmp.com/article/631230/byd-shares-rise-101pc-post-results-cheer?utm_source=rss_feed https://www.scmp.com/article/631230/byd-shares-rise-101pc-post-results-cheer?utm_source=rss_feed Tue, 25 Mar 2008 16:00:00 +0000 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. BYD, the mainland's largest maker of rechargeable batteries, plans to spin off its handset business this year, posing a serious threat to Foxconn's market leadership. Shenzhen Futaihon Precision Industry and Hong Fu Jin Precision Industry (Shenzhen), ... https://www.scmp.com/article/596585/foxconn-accuses-byd-obtaining-secret-data?utm_source=rss_feed https://www.scmp.com/article/596585/foxconn-accuses-byd-obtaining-secret-data?utm_source=rss_feed Tue, 12 Jun 2007 16:00:00 +0000 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. That compares with its net profit of 1.12 billion yuan for last year, which was up 123 per cent from 2005, BYD said in March. Shares in BYD, which gained 253 per cent over the past year, jumped... https://www.scmp.com/article/594018/byd-targets-hk62b-spin?utm_source=rss_feed https://www.scmp.com/article/594018/byd-targets-hk62b-spin?utm_source=rss_feed Wed, 23 May 2007 16:00:00 +0000 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. 'BYD Electronic will become a direct competitor of Foxconn International Holdings,' said Frederick Wong, an analyst at BNP Paribas Group,... https://www.scmp.com/article/586168/byd-aims-spin-handset-parts-business?utm_source=rss_feed https://www.scmp.com/article/586168/byd-aims-spin-handset-parts-business?utm_source=rss_feed Fri, 23 Mar 2007 16:00:00 +0000