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BYD May Be Australia’s Second Chinese Carmaker

|Includes: BYD, BYD Co., Ltd. (BYDDF), BYDDY

 AUSTRALIA MAY SOON have a second Chinese carmaker entering the local market. News from Detroit this week suggests that China’s BYD is investigating its options here.  With sales of over 450,000 cars in 2009, the Chinese carmaker is aiming for 800,000 sales in 2010. Speaking at Detroit, BYD’s exports boss Henri Li told press that BYD could arrive in Australia in two to three years. Mr Li said that BYD is in early discussion with potential importers, but that the lack of right-hand-drive models in the company’s line-up will delay its aspirations in the Australian market until around 2012 or 2013.

Related Stats:

2009 Vehicle Sales in Australia: 937,328

2009 Passenger Car Sales in Australia: 540,562

Overview of Automotive Industry in Australia (2008)

Disclosure: Long