Mon, May 11, 8:02 AM
- Automobile sales in China increased 3.7% to 1.67M passenger vehicles, according to data from China Association of Automobile Manufacturers.
- The pace of growth was the slowest since February of 2013.
- Domestic automakers (OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, OTCPK:DNFGY, OTCPK:DNFGF) took significant market share in April with a 14% Y/Y increase to 686.4K vehicles.
- General Motors, Nissan (OTCPK:NSANY), and Ford all reported a sluggish pace of sales during the month.
- YTD China auto sales are up 7.7%.
Fri, Apr. 17, 12:01 PM
- A positive sign for domestic automakers in China is that after the first three months of the year they held down eight of the top ten spots on the list of top-selling SUVs in the nation.
- Two years ago the group only had two models on the top ten SUV list.
- SUV sales in China are expected to increase by 20% this year.
- Chinese SUV sellers: Chongqing Changan Automobile (OTC:CQCAF), Great Wall (OTCPK:GWLLF, OTCPK:GWLLY), Geely Automobiles (OTCPK:GELYF, OTCPK:GELYY), BYD Group (OTCPK:BYDDY, OTCPK:BYDDF), BAIC Motor, Zotye.
Sat, Mar. 14, 10:41 AM
- BYD Company sold a subsidiary to Holitech this week for 2.3B yuan ($368M).
- The Chinese company said in its filing with the Hong Kong exchange that it intends to allocate more resources to develop its new-energy vehicle business to expand on existing levels of electric car and bus production.
- A new 3B yuan ($479M) bond offering from BYD is also in the works.
- BYD is emerging as the main competitor to Tesla Motors (NASDAQ:TSLA) in the electricity storage industry with plans to triple battery production.
- Execs with BYD maintain the company could produce ~34 GWh of battery capacity by 2020 if demand trends are strong - a pace that rivals projections for Tesla's Gigafactory production.
- Berkshire Hathaway (BRK.A, BRK.B) owns a sizable stake in BYD Company (OTCPK:BYDDY, OTCPK:BYDDF).
- BYD's aggressive positioning could have some impact on companies tied to the lithium industry.
- Potential lithium plays: OTCPK:PCRFY, ARTX, SQM, ENS, OTCQX:WLCDF, FMC, LIT (add your own in the comment stream).
- Previously: Dark cloud over China auto market (March 4)
Wed, Mar. 4, 12:34 PM
- Investors betting on the Chinese automobile market need to factor in how runaway pollution impacts investment potential, warn analysts.
- The air Pollution index in China has hit dangerous levels this week with Beijing registering a 168 today and Nanjing hitting a shockingly high 288 yesterday (extremely unhealthy).
- Other cities with an "unhealthy" reading on air quality include Guangzhou, Nanjing, Maanshan, Chengdu, Chuzhou, Zhenjiang, Yahgzhou, Wuhu, and Hong Kong.
- Reports indicate the Chinese population has become more concerned about the medical ramifications of long-term exposure to pollution.
- Some automobile industry watchers think foreign car manufacturers could benefit at the expense of domestic automakers if the government in China is to take further steps to push low-emission cars and EVs.
- The other side of the equation is the restrictions placed on car sales in certain regions in the nation.
- China auto sales are expected to rise 8.3% this year.
- China-related auto stocks (including JVs): KNDI, OTCQX:VLKAY, GM, F, OTCPK:DDAIF, TSLA, OTCPK:BAMXY, OTCPK:BCAUY, OTCPK:GWLLY, OTCPK:GWLLF, OTCPK:GELYF, OTCPK:GELYY, OTCPK:DNFGF, OTCPK:DNFGY, OTC:HYMLF, CAAS, SORL, OTCPK:BYDDY, OTCPK:BYDDF.
Sep. 11, 2013, 10:08 AM
- 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.
Sep. 6, 2013, 2:07 PM| Comment!
Sep. 3, 2013, 11:09 AM| Comment!
Aug. 26, 2013, 2:11 PM
- 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.
Aug. 25, 2013, 9:07 AM| Comment!
BYDDY vs. ETF Alternatives
Established in February 1995, BYD Company Limited specializes in IT, automobile and new energy. BYD is the largest supplier of rechargeable batteries in the globe, and has the largest market share for Nickel-cadmium batteries, handset Li-ion batteries, cell-phone chargers and keypads worldwide.... More
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