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China May Loosen Controls on Development of New-Energy Vehicles; Could Create Competition for BYD
Jan 12, 2012 02:12 PM EST
Source (Chinese): Newenergy
China reportedly plans to relax its tight controls on the development of new-energy vehicles, allowing a wider array of technologies to compete in a more open market.
Beijing has established a narrow path for the development of China's new-energy vehicle industry, focusing solely on electric cars. The new shift could see hybrid, electric and fuel-cell vehicles all enter the market.
The shift could greatly affect the performance of BYD, which has exclusively focused on electric cars.
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Three Models of BYD Electric Vehicles Will Be Exempt From Usage Tax
Jan 16, 2012 02:10 AM EST
Source (English): Bloomberg BusinessWeek
According to a report by the People’s Daily, the Chinese government will exempt three of BYD's electric car models from vehicle-usage tax charges.
As a result, shares of BYD increased by up to 6.7% to reach HKD 22.20, while the shares were trading at HKD 21.50 as of 1:45 PM today in Hong Kong.
CAAM: BYD's December Unit Sales Up 1.4% YoY
Jan 17, 2012 01:14 AM EST
Source (English): Reuters
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According to the China Association of Automobile Manufacturers (CAAM), BYD Company Limited sold a total of 52,009 vehicles in December, 2011, representing an increase of 1.4% YoY.
For FY 2011, BYD sold a total of 448,484 vehicles, representing a decrease of 13.7% YoY.
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BYD S6 the Best-Selling Manufacturer-Owned-Brand SUV For December
Jan 26, 2012 10:02 AM EST
Source (Chinese): PC Auto
In December 2011, BYD's S6 SUV model sold 15,012 units in China, the highest sales of a SUV model sporting a brand fully owned by an automobile manufacturer based in China.
December was the fourth month that the model has achieved this distinction.
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BYD to Launch New Generation F3 in June 2012
Feb 02, 2012 04:47 AM EST
Source (Chinese): iFeng
BYD will launch its new generation F3 in June 2012. The new model is named F3 Surui.
The F3 Surui is slightly larger than the current F3 and will come with new engine technology, though exact specifications have not been disclosed. The price of the F3 Surui is expected to be higher than the original.
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First Car by BYD and Daimler Could Soon Launch
Feb 03, 2012 02:00 PM EST
Source (English): China Car Times
Images of the first vehicle model produced jointly by BYD and Daimler have been spotted online. The electric model is named GOLF, which stands for Green, Oxygen, Light and Friendship. The model was produced with an investment of CNY 6 billion.
The model is expected to be shown at the Beijing Auto Show.
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Analyst: BYD’s Sales of S6 Model Set New Record in January 2012
Feb 08, 2012 04:05 AM EST
Source (English): Bloomberg News
BNP Paribas SA analyst Jack Yeung noted in a report that the sales of BYD’s new S6 model in January, 2012 could be as high as 16,000 units, up from its previous record of 15,000 units sold in December, 2011.