いいニュース
BYD Chairman: BYD to Experience Adjustments in 2011 and 2012, Investment Will Continue
18 October 2011 10:23 PM EDT
Source (Chinese): Tencent Finance
• Recently, Wang Chuanfu, Chairman and President of BYD, said that BYD will continue to undergo adjustments in 2012, and that the company is expected to see a second take-off in 2013, but growth speed may not be as fast as the first one.
• Wang disclosed that the first segment to be restructured is BYD's sales network. The company has already reduced its number of dealers from 1,000 to around 830. The company will maintain its investment at a stable level to cultivate competitive products.
• Shenzhen city plans to replace 10,000 buses and 13,000 cabs with electric vehicles over the next five years, and BYD is trying to capture this opportunity, Wang added.
• BYD will deliver 2,000 electric buses in 2012. For 2012 and 2013, the company expects to see billions in sales revenue from its new-energy vehicles.
