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BYDDF vs. ETF Alternatives
Wednesday, Sep 1110:08 AM
Wednesday, Sep 1110:08 AM| Comment!
- Shares of BYD (BYDDF.PK +7.7%) climb after the company announces it will launch 3 new models featuring its dual-engine system, including the Qin at the end of this year, the Tang, an SUV model, in 2014, and a supercar temporarily dubbed the E9.
- BYD also gained some sliver of traction for its electric buses when Hong Kong's Kowloon Motor Bus launched a single-bus, 1-year trial this week. In the shadow of safety concerns, BYD's bus was required by the operator to use foreign components and have its BYD battery encased in fire-resistant steel plates.
Friday, Sep 62:07 PM|Friday, Sep 62:07 PM| Comment!
Tuesday, Sep 311:09 AM|Tuesday, Sep 311:09 AM| Comment!
Monday, Aug 262:11 PM
Monday, Aug 262:11 PM| Comment!
- Shares of Chinese automobile and battery maker BYD (BYDDF.PK -10.1%) tumbled after the company announced 1H results yesterday. With the results came an anemic Q3 net income forecast of RMB3M-RMB50M.
- Car sales were up 25% Y/Y in H1 to 250K units, but the vast majority were gasoline-powered vehicles. Citi's Paul Gong expects BYD to deliver only 2.1K all-electric vehicles in 2013. Ironically, investors hope profits from gas vehicles will be funneled into BYD's green technologies, like electric vehicles and buses as well as solar panels.
- BYD has set its sights on overseas markets for its electric vehicles. It won a contract to supply 35 K9 electric buses to Long Beach and Los Angeles earlier this year. But skeptics abound. A local analyst: "Unlike the domestic market, which can be easily influenced by government policies, the attraction of BYD’s electric buses still need to be tested."
- The stock is up 30.7% YTD.
Sunday, Aug 259:07 AM|Sunday, Aug 259:07 AM| Comment!
Monday, Aug 152011, 2:08 PMAs shipments of hybrid and electric cars take off, so will sales of lithium-ion batteries: IHS expects industry revenues to grow from $11.8B in 2010 to $31.4B in 2015, and $53.7B in 2020. A123 Systems (AONE), Ener1 (HEV), and China's BYD (BYDDF.PK - previously) are some of the names developing lithium-ion batteries for cars. |Monday, Aug 152011, 2:08 PM| 2 Comments
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