BYD Auto

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BYD Auto Co., Ltd.
比亚迪汽车
Type Subsidiary
Industry Automotive
Founded 2003
Headquarters Shenzhen, Guangdong, China
Key people Wang Chuanfu (Chairman)
Products Automobiles
Buses
Revenue RMB22,551 million (2012)[1]
Parent BYD Company Limited
Subsidiaries Shenzhen BYD Daimler New Technology (50%)
BYD Auto North America
Website byd.com
BYD Auto
Simplified Chinese 比亚迪汽车

BYD Auto Co., Ltd. is a Chinese automobile manufacturer based in Shenzhen, Guangdong Province, and a wholly owned subsidiary of BYD Company. It was founded in 2003, following BYD Company's acquisition of Tsinchuan Automobile Company in 2002.[2][3] Its principal activity is the design, development, manufacture and sale of passenger cars and buses under the BYD brand. It also has a 50:50 joint venture with Daimler AG, Shenzhen BYD Daimler New Technology Co., Ltd., which is planned to develop and produce luxury electric cars sold under the Denza brand.

BYD Auto sold a total of 506,189 passenger cars in China in 2013, making it the tenth largest selling brand and the largest selling Chinese brand.[4]

History[edit]

The BYD stand at the 2009 Central China High-Tech Fair in Shenzhen

BYD Co Ltd created the wholly owned subsidiary BYD Auto a year after its 2002 acquisition of the Tsinchuan Automobile Company,[5] which may have been made solely to acquire the passenger car production license held by the purchased company.[6] While the Chinese state is credited with development of an indigenous auto industry,[7] BYD Auto may have been created in the absence of a State policy explicitly supporting independently owned automobile manufacturers.[8]

In 2008, BYD Auto began selling its first mass-produced, full hybrid vehicle, the BYD F3DM.[9] China subsidizes oil (an incentive for the State to encourage use and manufacture of electric cars), and Chinese automakers see opportunities in less mature electric vehicles because Western companies have yet to develop much of a lead in the technology.[10] In late December 2008, Warren Buffett spent $230 million on the acquisition of a 10% stake in BYD Auto's parent, BYD Company.[11] In 2009, the company sold 448,400 cars in China, and two-thirds of sales were its BYD F3 model.[12][13] In the same year, BYD began the export of its cars to Africa, South America, and the Middle East.[14]

The city of Shenzhen will buy 500 E6 models pure EV to serve as taxis.[15] Also, 1000 electric buses will be purchased as part of a 2009 Central government policy.[15]

Products[edit]

BYD Auto has a wide range of small and medium sized cars, including small compacts, people carriers, and small sedans. Hybrid electric vehicles and all-electric models are also among its products.

Non-Chinese auto part makers BYD is associated with include Autoliv[16] and BorgWarner.[17]

Former models[edit]

Current models[edit]

Future models[edit]

Buses[edit]

Operations[edit]

Production bases include two production bases in Xi'an, an R&D center and production base in Shenzhen, and an R&D center in Shanghai.[20]

In 2010 the Chinese state halted construction of a third Xi'an production base.[21] Building was allowed to resume in Spring, 2011.[22] A production complex in Changsha, Hunan province, will soon become operational.[citation needed]

BYD F3 models are assembled in Russia by the company TagAZ, and in Ethiopia by Betret International Plc (assembling 1000 annually).[23]

Denza[edit]

Main article: Denza

A joint venture with Daimler AG that will soon sell a single product under the Denza brand name,[24] Shenzhen BYD Daimler New Technology Co is focused on EV development and upmarket sedans.[25] In March 2011 the new company received a business license from the Chinese State and BYD, contractual agreement from its German partner.[26]

Its first product likely based on a previous generation Mercedes-Benz B-Class,[27] production is scheduled to begin in 2013.[28]

Sales[edit]

As of 2010 BYD Auto had an estimated production capacity of 700,000 units per annum. In the same year, BYD Auto sold a total of 519,800 vehicles, making the company the sixth largest Chinese car-maker by units sold,[20][29] in 2011 it failed to break into the top ten.[30] The company returned to the rankings in 2012, however, garnering 9th place by producing over 600,000 vehicles.[31]

While the majority of sales are domestic, some models are exported to other developing countries: BYD cars are sold in Bahrain by Fakhro Motors,[32] distributed in the Dominican Republic by Peravia Motors[33] (3,000 cars serve as taxis in the capital, Santo Domingo[34]). BYDs are also offered in Ukraine[35] and Moldova.[36]

The company has also expressed a desire to enter the European and Israeli markets. BYD opened its North American headquarters in Los Angeles in 2011,[37] and BYD planned to start selling an electric car, the e6, there in 2012,[38] but this has been subsequently delayed. As of 2013 BYD Auto sells the e6 and Electric Bus in the United States as fleet vehicles only.

See also[edit]


References[edit]

  1. ^ "2012 Annual Results Announcement". BYD Company Limited. Retrieved 21 February 2014. 
  2. ^ "About BYD". BYD Auto. 
  3. ^ Anne C. Lee (2010-02-17). "Most Innovative Companies - 2010: BYD". Fast Company. 
  4. ^ "2013 Passenger Vehicle Sales by Brand". China Auto Web. 15 January 2014. Retrieved 22 February 2914.  Check date values in: |accessdate= (help)
  5. ^ "Company Profile". BYD Auto. 
  6. ^ Crystal Chang (2009-08-13). "Developmental Strategies in a Global Economy: The Unexpected Emergence of China’s Independent Auto Industry". p. 13. 
  7. ^ Wan-Wen Chu (2011-04-05). "How the Chinese government promoted a global automobile industry". Industrial and Corporate Change. 
  8. ^ Crystal Chang (2010-04-07). "The Emergence of the Independent Chinese Auto Industry". Political Science Department, UC Berkley. 
  9. ^ Scott Doggett (2010-03-23). "BYD Auto to Offer F3DM Plug-in Hybrid to Chinese Individuals Starting Next Week". AutoObserver. 
  10. ^ For China's oil subsidy, see Wei Gu (2008-06-04). "China's fuel subsidy costs the world". Reuters. 
  11. ^ Chris Oliver (2008-10-09). "Warren Buffett looks to electric car in BYD stake". MarketWatch. 
  12. ^ Antony Marceles (2010-01-20). "2009 Chinese Auto Sales". Nitrobahn. 
  13. ^ "BYD aims to double car sales again in 2010". BYD Auto. Retrieved 2010-11-02. 
  14. ^ Marc Gunther (2009-04-13). "Why Warren Buffett is investing in electric car company BYD". CNNMoney. 
  15. ^ a b Ma, Nan (6 September 2012). "Pure EV lured by wealthy Chinese markets". The Morning Whistle. Retrieved 2 April 2013. 
  16. ^ "Autoliv Builds New Plant in China". Autoliv Inc. 2003-11-21. 
  17. ^ Carmen Lee (2011-11-16). "As official announcement on new energy vehicles is made, BYD's sees stock price jump". Gasgoo. 
  18. ^ "BYD L3 going on sale in Laos". BYD Auto. 28 January 2013. Retrieved 7 March 2013. 
  19. ^ "S6DM". BYD Auto. 
  20. ^ a b Norihiko Shirouzu (2010-10-14). "Beijing Halts Construction of BYD Auto Plant". The Wall Street Journal. 
  21. ^ "BYD fined, buildings confiscated". Global Times. 2010-10-14. 
    "MLR supervises BYD's illegal Xi'an project". Global Times. 2010-12-08. 
    "BYD backs away from 'dream'". Global Times. 2010-08-27. 
  22. ^ "BYD says to restart construction of China Xi'an plants". Reuters. 2011-04-05. 
  23. ^ "BYD ties up to assemble cars in Russia". Shanghai Daily. 2010-12-08. 
  24. ^ "Daimler, BYD hope luxury Denza will spark China e-car sales". reuters.com. Thompson Reuters. May 17, 2012. Retrieved November 23, 2012. 
  25. ^ "BYD and Daimler in EV Joint Venture". ChinaAutoWeb. 2010-05-27. 
  26. ^ "Joint Venture between BYD and Daimler Receives Business License". BYD Auto. 2011-03-01. 
  27. ^ Steitz, Christoph (Mar 24, 2012). "Daimler to present electric car for China-magazine". reuters.com. Thompson Reuters. Retrieved November 23, 2012. 
  28. ^ Siu, Twinnie (Jul 16, 2012). "PRESS DIGEST - Hong Kong - July 17". reuters.com. Thompson Reuters. Retrieved November 23, 2012. 
  29. ^ Bertel Schmitt (2011-01-19). "China Car Market 101: Who Makes All Those 18 Million Cars?". The Truth About Cars. 
  30. ^ "2011年前十家乘用车生产企业销量排名". China Association of Automobile Manufacturers (CAAM). 2012-01-20. 
  31. ^ "2012年12月分车型前十家生产企业销量排名". China Association of Automobile Manufacturers (CAAM). 14 January 2013. Retrieved January 15, 2013. 
  32. ^ "BYD models to appear in Bahrain". Global Times. 2010-12-08. 
  33. ^ "Peravia Motors presenta al mercado dominicano nueva marca de vehículos BYD" (in Spanish). El Nuevo Diario. 2010-02-11. 
  34. ^ "Dominican capital turns Chinese yellow, with taxis". DominicanToday.com. 2010-02-05. 
  35. ^ "China's automaker BYD launches its brand in Ukraine". Xinhua. 2011-10-26. 
  36. ^ "Auto Centru Elita 5, BYD dealer in Chisinau, Moldova". 
  37. ^ "BYD Opens U.S. Headquarters In Los Angeles". Edmunds. 25 October 2011. Retrieved 7 March 2013. 
  38. ^ Chang-Ran Kim (2011-01-11). "BYD sees mass U.S. entry in first quarter of 2012 with e6". Reuters. 

External links[edit]