BYD

Published on October 1, 2009 by brooks | This story has been viewed 213 times

BYD COMPANY LIMITED
Headquarters
No.3001, Hengping Road, Pingshan, Longgang, Shenzhen, 518118, P.R.China

Transportation:

By Bus:812,B667


BYD America Corporation
1440 Howard Str. ELK Grove Village, IL 60007

BYD (H.K.) Co., Ltd.
Unit 1712, 17/F., Tower 2, Grand Central plaza, NO.138, Shatin Rural Committee Rd, Shatin, Hong Kong

BYD Company Limited engages in the research, development, manufacture, and sale of rechargeable batteries, battery chargers, LCD and other electronic products. The company markets its products in China, Europe, and U.S.A. The company’s principal product offerings include nickelbased batteries, Lithium-ion batteries, Nickel-Cadmium batteries, and Nickel-Metal hydride batteries for mobile phone handsets. The company has developed various handset components, including plastic housings, key pads, camera lenses, vibration motors and FPCs (flexible printed circuits). BYD also produces LCDs for handsets and developed monochrome and colour STN-LCDs for various handset models. Segments The company is principally engaged in three main business segments. Battery and other products: The company’s Battery and other products segment engages in the manufacture and sale of rechargeable batteries (principally for mobile phones), battery chargers, emergency lights and other battery-related products. Handset components: The company�s Handset components segment engages in the manufacture and sale of LCD and precise plastic parts. Automobile and related products: The company’s Automobile and related products segment engages in the manufacture and sale of automobiles, battery-powered automobiles/ bicycles and auto-related moulds. Customers The company�s customers are distributed in different industries, such as, cordless phone, power tools, mobile phone, R/C toy, emergency lighting. Markets The company principally markets its electronic products in United States, Europe, Japan, Korea, Hongkong, Beijing, and Shanghai. History BYD Company Limited was founded in 1995.

BYD Auto (simplified Chinese: 比亚迪汽车; Pinyin: Bǐyàdí Qìchē) is a Chinese automobile manufacturer based in Shenzhen, Guangdong Province, China. The firm was founded in 2003 and it is a part of the rechargeable battery maker/IT company, BYD Co Ltd.

In December 2008, BYD Auto began selling the world’s first mass-produced plug-in hybrid vehicle, and plans to mass produce affordable electric vehicles in the near future.

Established in 1995, BYD Company Limited (BYD for short) is a Hong Kong listed high-tech private enterprise mainly dealing with two businesses: IT manufacturing and auto manufacturing. BYD has nine production bases, including sites in Guangdong, Beijing, Shanxi, Shanghai, etc. with a total area of nearly 7 million square meters. BYD has also set up branches and offices in America, Europe, Japan, South Korea, India, Taiwan, Hong Kong and other regions. BYD’s total number of employees now exceeds 130,000.

BYD Company Limited (SEHK: 1211) is a publicly-owned, Chinese manufacturer of automobiles, rechargeable batteries and mobile-phone components, based in Shenzhen, Guangdong province.(CHINESE TITLE:比亚迪股份有限公司)

China’s BYD Says Buffett Wants to Raise Stake

Warren E. Buffett intends to raise his stake in BYD, the Chinese maker of electric cars and batteries, the company’s chairman said on Monday. The comments sent shares in his company up 8 percent.

MidAmerican Energy Holdings, a unit of Mr. Buffett’s Berkshire Hathaway, bought 10 percent of BYD for $230 million, or about 8 Hong Kong dollars a share, last September, sparking a massive rally in the stock.

“MidAmerican has always intended to raise its stake in BYD because it believes BYD has good prospects in the development of renewable energy, but we are still considering (whether to sell more),” the chairman, Wang Chuanfu, told reporters on Monday.

Warren E. Buffett intends to raise his stake in BYD, a Chinese maker of electric cars and batteries, the company’s chairman said on Monday. The comments sent shares in the company up 8 percent.

MidAmerican Energy Holdings, a unit of Mr. Buffett’s Berkshire Hathaway, bought 10 percent of BYD for $230 million, or about 8 Hong Kong dollars a share, last September, sparking a massive rally in the stock.

“MidAmerican has always intended to raise its stake in BYD because it believes BYD has good prospects in the development of renewable energy, but we are still considering (whether to sell more),” BYD’s chairman, Wang Chuanfu, told reporters on Monday.

“BYD shares are not cheap at the current price level, but since the company’s strategy is in line with Beijing’s policy, and with the support of Buffett, the market is willing to pay a premium for that,” said Ben Kwong, the chief operating officer of KGI Asia.

BYD has ambitious plans for its hybrid and rechargeable electric vehicles, aiming to sell as many as 9 million units by 2025 to take on heavyweights like General Motors and Toyota Motor.

The company is keen on a stock market listing in mainland China and may look to do so in the next year, Mr. Wang said.

The company has previously said it planned to issue up to 100 million A shares on the Shenzhen stock exchange to raise capital for development projects.

The issue could be worth 4.6 billion Hong Kong dollars ($594 million) based on its share price on Monday.

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