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Monday, April 13, 2009

BYD Battery ruler confident about the automotive market or strategic restructuring

By Zou himfr

Casting expert in highly-developed examine collections from the Shanghai Securities News that, though the heading down movement in the storage battery enterprise is without bias serious, but tough expansion in automotive enterprise, BYD Automobile to carry a likelihood of survival. BYD Company Limited ownership of the parent financial gathering shareholders in 2008 for 1.021 billion yuan mesh yield, returns per share was 0.50 yuan, up 37 out of 100 decline. Car sales financial gathering close to 8.65 billion yuan, an advance of 77%,

The report displays that, BYD lesser rechargeable electric battery and other associated goods enterprise sales 62.1 billion yuan, a down turn of about 13%. Among them, the lithium-ion electric battery sales of 3.937 billion yuan, up fundamentally the same; nickel electric battery sales are subject to United States power devices market finances and flaw in the identical time span last year dropped 26 per hundred to 2.204 billion yuan. At the identical time, a assessed boost in the percentage of engine vehicle business. Turnover ratio in 2007 from 23% to 32%. Car sales almost 8.65 billion yuan, an boost of 77%, accomplish whole earnings of about 504 million yuan, in 2007 contrasted to 2.57 billion yuan, almost doubling.

BYD Chairman Wang Chuanfu allocations at annual group debate in 2008 advised reporters that "benefit from the first quarter of this year's auto development guideline modifications, for instance BYD F3/F3R/F0 numerous types two times sales in both year-on-year movement, sales of separate someone types of the matching interval last year and realised a 130% -140% of high growth. "

Wang Chuanfu, said that with more years of the introduction of new forms, simultaneously with the Shenzhen Municipal Government is contemplating to purchase a new vehicle in the implementation of power grants to persons, it is anticipated this year, BYD vehicle enterprise up to 40 million flats traded, when the auto enterprise will live at half of the recorded companies.

In the Research Center for the consultancy commerce facts and numbers display that BYD is begun by electric batteries, after years of development, BYD has two foremost IT and automotive industries. At present, BYD IT and electrical devices components and constituents commerce has enclosed all the centre wireless telephone components and assembly procedures, nickel electric batteries, lithium mobile telephone electric batteries, mobile telephone key in the international market share has come to the first foremost clientele for Nokia, Motorola, Samsung and other worldwide communications part, the peak purchaser groups. Up in the vehicle enterprise, BYD is utilising its premier for demonstration electric battery expertise round the world, leaped to his death became the R & D and construct of electric driven vehicle pioneer.

In 2003, the schematic acquisition of Xi'an Qinchuan BYD Automobile Co., Ltd. (now "BYD Automobile Co., Ltd."), moved into the paddock of automobile fabricating and sales, the country commencing the development of own brand label motor vehicle journey. Development so far, BYD has been concluded and Xian, Beijing, Shenzhen, Shanghai, four greatest automobile development foundation in vehicle fabricating, mold development, type development have arrived at the global superior stage, enhance the development and the growing pattern of quick expansion for the China's most innovative cutting-edge brand. Automotive yield embrace all varieties of high, average and low-end succession of the fuel motor vehicles, as well as the motor vehicle deceases, automotive elements and elements, dual-mode electrical vehicles, wholesome electrical vehicles and so on. Models, embracing representatives of F0, F3, F3-R hatchback, F6, F8 sports motor vehicle sort of dwelling, DM dual-mode, for instance electrical vehicles. The paddock of electrical vehicles as a chief and worldwide rechargeable storage battery development chief, BYD will use the only technical knowledge throughout the world to our might, retain the motor vehicle fabricating clean vitality products.

Last year, "Warren" Buffett's Berkshire Hathaway Inc. holding company of Sino-US energy (MidAmericanEnergyHoldings) that will provide 230 million U.S. dollars, the acquisition of listed companies in Hong Kong, Chinese rechargeable battery maker BYD 10% shares. Why Buffett's 1.8 billion Hong Kong dollars BYD?

For advisors in the automotive commerce, said analyst Li Sheng-mao, it is clear that Buffett is the most undertaking ecological defence BYD electric driven vehicles at the centre of expertise - cell technology. He is anticipated in the automotive enterprise with the BYD wandering farther and farther away on the next vehicle enterprise is very expected to become the aim of BYD Company. - 18418

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