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30-06-2011, 08:29 AM
(This post was last modified: 23-10-2013, 02:31 PM by CityFarmer.)
BYD says Q1 profit falls 84.4 pct on year
Tue Jun 28, 2011 7:56pm EDT
HONG KONG, June 29 (Reuters) - BYD Company Ltd , the Chinese automaker backed by U.S. billionaire Warren Buffett, said its net profit for the first quarter of 2011 fell 84.4 percent year-on-year in accordance with Chinese accounting standards.
In a filing to the Hong Kong bourse on Wednesday, BYD said net profit for the first quarter stood at 266.74 million yuan ($41.2 million), compared to 1.70 billion yuan a year ago.
The drop was "mainly due to a decline in the performance of the automobile business, coupled with the effect of increased management expenses and finance expenses," chairman Wang Chuan-fu said in a statement.
Operating revenue for the quarter fell 11.6 percent year on year to 11.71 billion yuan as vehicle sales volumes fell on the expiration of incentives and intensifying competition, the firm said.
BYD, in which Buffett's Berkshire Hathaway Inc (BRKa.N) has a 9.9 percent stake, said earlier this month that it had received formal approval for an A-share listing on the Shenzhen market.
BYD shares in Hong Kong are down 38.7 percent so far this year, compared with a 4.2 percent drop for the benchmark Hang Seng Index . ($1 = 6.470 yuan) (Reporting by Donny Kwok; Editing by Jonathan Hopfner)
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i tot shenzhen listing should be called B-shares listing..how come is called A-shares listing?
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An very interesting view of Mr Wang, Chairman of BYD...
(not vested)
Geopolitics drives China’s policy on electric vehicles
BEIJING — Chinese auto executives do not usually allude to the possibility of a shooting war in the South China Sea in the course of otherwise routine industry briefings.
Yet Mr Wang Chuanfu, chairman of BYD, did just that last month during the launch of the company’s latest electric car, developed by its joint venture with Daimler of Germany.
Asked why he was optimistic about the future of electric vehicles in the world’s largest automotive market, Mr Wang argued that government policy support for the sector would be a critical factor in its success, driven in large part by Beijing’s concerns about what he called “the two 60 per cents”.
China now imports about 60 per cent of its annual oil requirement and 60 per cent of those imports are shipped through the South China Sea, a region where the untested People’s Liberation Army Navy is trying to project power and push back its Philippine, Vietnamese and US rivals.
“The South China Sea is a very complicated problem,” Mr Wang said, referring to the region’s territorial disputes that could potentially spark a conflict and disrupt maritime traffic. “If ships could not deliver their oil, China would face severe shortages.”
There are other reasons the Chinese government this summer issued a new and improved set of incentives to spur the development of so-called NEVs, or new energy vehicles, most notably pollution. But Mr Wang argued that geopolitical concerns loomed largest in its formulation of policy support for alternative energy vehicles.
“Oil security is the biggest driver for NEV development,” he said, adding that Premier Li Keqiang’s “war on pollution”, declared in March this year, was “the second driver”.
...
http://www.todayonline.com/chinaindia/ch...c-vehicles
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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The sales of electric car is comparable between BYD, and Tesla, but I am sure the burn rate of Tesla is much higher than BYD...
(not vested)
'China’s Tesla', BYD, has electric dreams
BEIJING — In contrast to the usual pattern of technological advance, Chinese car firm BYD — for Build Your Dreams — has led the way in electric vehicles but now faces increasing competition from Western manufacturers.
BYD has nothing like the global profile of Tesla but sold its first hybrid in 2008, long before the US firm went into production.
The same year, US billionaire Warren Buffett acquired a 10 per cent stake in the company. Deliveries of its first all-electric car, the e6, began in 2011, a year ahead of the first sales of Tesla’s Model S.
While Tesla founder Elon Musk might be compared to a “sprinter”, BYD’s president Wang Chuanfu “is more of a marathon runner”, the company’s senior vice president Stella Li told Bloomberg News earlier this month, slowly but surely building its brand recognition and sales volume.
In 2015, BYD sold around 58,000 electric and hybrid vehicles, doubling year-on-year, according to its annual report, which did not differentiate between the categories. It hopes to sell three times as many this year.
In comparison, all-electric Tesla sold 50,580 cars globally in 2015.
...
http://www.todayonline.com/business/chin...ric-dreams
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Mmm!  how's the quality of the electric cars? 
can last long in singapore humid weather?
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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(25-04-2016, 09:31 AM)brattzz Wrote: Mmm! how's the quality of the electric cars?
can last long in singapore humid weather?
Humid weather is less of a problem compared to charging. Live at HDB/condo how to charge?
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dear dear,
electricity and tesla are not energy source lah. All these cars are actually vehicles with batteries and nothing more.
if you really sure the world is changing then find out who are the big players of either lithium ion or nickel hydride batteries on supply or manufacturing side listed on some stock exchange
Here are the world's top lithium-producing countries from 2015, as reported by the US Geological Survey (USGS).- Australia. Mine production: 13,400 MT. ...
- Chile. Mine production: 12,900 MT. ...
- Argentina. Mine production: 3,800 MT. ...
- China. Mine production: 2,200 MT. ...
- Zimbabwe. Mine production: 900 MT. ...
- Portugal. ...
- Brazil. ...
- United States.
I no longer believer or buy into the green energy movement or argument. It's one thing to build a electric car in your garage connect to your home power outlet the electricity from some clean energy source like wind turbine or solar but when you talk about 10,000 to 100,000 cars it's a different animal already clean energy will not be able to keep up with demand on mass scale in the end will still fall back fossil fuel - That's why none of the oil producers of the world blinked whenever talk of green energy comes up because they know green energy is unsustainable.
anyway china is different they have not much oil, but lots of coal and no environment laws, they just only care the end result so burn coal produce electricity to charge cars regardless of pollution. it works in china and maybe in those countries that have very lax laws on pollution.
but In US and elsewhere it could be different where they have very tough laws on use of coal. So in those places why burn oil at power plants to produce electricity to charge cars when you can just fill up the car directly with the same thing.
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26-02-2017, 01:38 PM
(This post was last modified: 26-02-2017, 01:42 PM by Wildreamz.)
1. http://www.tnp.sg/news/singapore/hdt-sin...50-e-taxis
Quote:HDT Singapore Taxi launches first fleet of 50 e-taxis
"If crude oil gets depleted in three decades, we will need an alternative mode of transport that does not run on its derivatives."
Called transport specialists, the drivers have statutory benefits such as an annual wage supplement and leave entitlement. Guaranteed a monthly salary base of $1,600, drivers can earn a gross salary of $3,200 if they meet the revenue target of $7,500, or $4,300 if they hit the $8,500 target.
2. http://www.theonlinecitizen.com/2017/02/...t-by-june/
Quote:HDT Singapore Taxi to double its fleet by June
Newcomer taxi operator, HDT Singapore Taxi, has announced that it will double its fleet of electric taxis to 100 cars by June this year.
Managing director James Ng stated that in the future the company plans to operate up to 800 taxis after acquiring a full Taxi Service Operator's Licence by the middle of next year at the official launch of the company on Friday (24 February).
3. About HDT: http://www.hdt.com.sg/about-us/
Quote:Established in 2013, HDT Holdings Pte Ltd is the Singapore agent of BYD Co. Ltd, a leader in the fields of IT, automobile and new energy. BYD operates offices around the globe, including Switzerland, the UAE and the US.
Among its many accolades, BYD Co. Ltd holds the distinction of being the first company in the world to announce plans for building an electric vehicle using the environmentally-friendly Fe battery. BYD Co. Ltd has also led the way by being the first organisation (globally) to provide a fully vertically integrated solution for green energy technologies.
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CNBC Segment on HDT (BYD local agent) Taxis: http://t.cn/RiZHbM1 (24th Feb 2017)
*HDT electric taxis to be "slightly more expensive" than regular taxis.
*HDT taxi drivers will have regular pay.
http://www.straitstimes.com/singapore/tr...xi-drivers
*Singapore to implement "carbon tax"
http://www.channelnewsasia.com/news/sing...34142.html
LTA: "Bigger-scale trials on electric, hybrid buses to be held in next few years" (8th March 2017)
http://www.todayonline.com/singapore/big...-few-years
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