Finance USA

Aug 3 2019

Byd Auto News and Information, byd auto.#Byd #auto



Byd Auto

The launch of BYD’s plug-in vehicles has not gone as planned. The Chinese company’s all-electric e6 has been delayed in the U.S. (in part because of a lack of infrastructure, the company says) and the plug-in hybrid F3DM did not sell well at all. In the recent past, profits tumbled and EV production plans were scaled back.

It’s coming in 2010. Scratch that. How about 2011? Oh shucks, that’s impossible, too. Let’s shoot for 2012. BYD Auto constantly alters the U.S. launch date of the electric e6 crossover. But this latest bit of info should relieve us of reporting further delays.

Chinese automaker BYD, backed by U.S. billionaire Warren Buffett, continues to tumble down a rocky road.

BYD may be struggling to launch its electric e6 crossover and its F3DM plug-in hybrid sedan here in the States, but the Chinese automotive juggernaut appears to have no problem lining up sales for its electric eBUS-12 in Asia.

Chinese automaker BYD, backed by U.S. billionaire Warren Buffett, may be headed down a rocky road. According to Daily Finance, BYD’s troubles aren’t limited to profits tumbling. In fact, Daily Finance hints that BYD will need to step up its game to keep Buffet from bailing out entirely.

BYD says 2011 Q1 profit tumbled 84.4%

Chinese automaker BYD, backed by U.S. billionaire Warren Buffett, says its net profit for the first quarter of 2011 fell 84.4 percent year-on-year. In a filing last Wednesday, BYD reported its 2011 Q1 net profit of 266.74 million yuan ($41.2 million U.S. at the current exchange rate), compared to 1.70 billion yuan ($263 million U.S.) for the first quarter of 2010.

BYD raises $219 million in China IPO

Chinese automaker BYD raised a less-than-stellar 1.42 billion yuan ($219 million U.S. at the current exchange rate) in its initial public offering in Shenzhen, China late last week. Analysts say that BYD’s IPO was weighed down by weak investor sentiment and worries over the automaker’s poor performance.

BYD raises $219 million in China IPO

Chinese automaker BYD raised a less-than-stellar 1.42 billion yuan ($219 million U.S. at the current exchange rate) in its initial public offering in Shenzhen, China late last week. Analysts say that BYD’s IPO was weighed down by weak investor sentiment and worries over the automaker’s poor performance.

Report: BYD receives approval for China IPO

Today, Chinese automaker BYD will kick off its so-called IPO roadshow. The Warren Buffet-backed BYD, the darling of China’s automotive industry, is looking to sell up to 79 million shares in its push to go public in China. BYD didn’t disclose exactly how much coin it expects to raise in its IPO, but did say that proceeds from the offering will fund three projects that require a total investment of 5.38 billion yuan ($830 million U.S. at the current exchange rate).

Report: BYD looking to build $200m vehicle, battery plant in Indonesia
China’s BYD Auto posts $106M second-quarter profit, but not from clean vehicles
China’s BYD Auto slashes 2010 sales target by 25%

BYD E6 Click above for high-res image gallery

BYD misses the mark, hybrid and electric future called into question

BYD E6 Click above for high-res image gallery

BYD aims for 100 E6 electric taxis by end of month, 560 by year’s end, 1,500 in total

BYD E6 Click above for high-res image gallery



Written by CREDIT