|Headquarters||Shenzhen, Guangdong, China|
|Key people||Wang Chuanfu (Chairman)|
|Parent||BYD Company Limited|
|Subsidiaries||Shenzhen BYD Daimler New Technology (50%)
BYD Auto North America
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.
As of 2010 production capacity is estimated at 700,000 units/year. While that year's sales reached 519,800 making the company the sixth largest Chinese car-maker by units sold in 2010, in 2011 it failed to break into the top ten. The company returned to the rankings in 2012, however, garnering 6th place by producing 1.2 million vehicles.
BYD Co Ltd created the wholly owned subsidiary BYD Auto a year after its 2002 acquisition of the Tsinchuan Automobile Company, which may have been made solely to acquire the passenger car production license held by the purchased company. While the Chinese state is credited with development of an indigenous auto industry, BYD Auto may have been created in the absence of a State policy explicitly supporting independently owned automobile manufacturers.
In 2008, BYD Auto began selling its first mass-produced, full hybrid vehicle, the BYD F3DM. 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. In late December 2008, Warren Buffett spent $230 million on the acquisition of a 10% stake in BYD Auto's parent, BYD Company. In 2009, the company sold 448,400 cars in China, and two-thirds of sales were its BYD F3 model. In the same year, BYD began the export of its cars to Africa, South America, and the Middle East.
Past passenger cars
Current passenger cars
- BYD F0 - supermini
- BYD F3 - compact saloon
- BYD F3-R compact hatchback
- BYD G3 - compact saloon
- BYD G3-R - compact hatchback
- BYD L3 (or New F3) - compact saloon
- BYD G6 - Mid-size car saloon
- BYD e6 - electric MPV
- BYD M6 - MPV
- BYD S6 - SUV
Future passenger cars
- BYD K9 BYD electric bus
In 2010 the Chinese state halted construction of a third Xi'an production base. Building was allowed to resume in Spring, 2011. A production complex in Changsha, Hunan province, will soon become operational.
A joint venture with Daimler AG that will soon sell a single product under the Denza brand name, Shenzhen BYD Daimler New Technology Co is focused on EV development and upmarket sedans. In March 2011 the new company received a business license from the Chinese State and BYD, contractual agreement from its German partner.
Sales outside China
While the majority of sales are domestic, some models are exported to other developing countries: BYD cars are sold in Bahrain by Fakhro Motors, distributed in the Dominican Republic by Peravia Motors (3,000 cars serve as taxis in the capital, Santo Domingo). BYDs are also offered in Ukraine and Moldova.
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, and BYD planned to start selling an electric car, the e6, there in 2012, 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.
Patent and Copyright claims
BYD, like many other private Chinese car manufacturers, Micheal Austin, vice president of BYD America, has acknowledged the issue saying that the practices of some franchised dealers have made BYD "uncomfortable" On the other hand Santiago Munoz, Business Development Manager has said: "We will improve, we only had 10 years on the market but we are ready to take up the challenge".
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- Anne C. Lee (2010-02-17). "Most Innovative Companies - 2010: BYD". Fast Company.
- Norihiko Shirouzu (2010-10-14). "Beijing Halts Construction of BYD Auto Plant". The Wall Street Journal.
- Bertel Schmitt (2011-01-19). "China Car Market 101: Who Makes All Those 18 Million Cars?". The Truth About Cars.
- "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.
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- "Company Profile". BYD Auto.
- Crystal Chang (2009-08-13). "Developmental Strategies in a Global Economy: The Unexpected Emergence of China’s Independent Auto Industry". p. 13.
- Wan-Wen Chu (2011-04-05). "How the Chinese government promoted a global automobile industry". Industrial and Corporate Change.
- Crystal Chang (2010-04-07). "The Emergence of the Independent Chinese Auto Industry". Political Science Department, UC Berkley.
- Scott Doggett (2010-03-23). "BYD Auto to Offer F3DM Plug-in Hybrid to Chinese Individuals Starting Next Week". AutoObserver.
- For China's oil subsidy, see Wei Gu (2008-06-04). "China's fuel subsidy costs the world". Reuters.
- For EV opportunities eyed by Chinese firms, see Stephen W. Dyer (2011-01-03). "Big bet on better battery-run cars". China Daily.
- Chris Oliver (2008-10-09). "Warren Buffett looks to electric car in BYD stake". MarketWatch.
- Antony Marceles (2010-01-20). "2009 Chinese Auto Sales". Nitrobahn.
- "BYD aims to double car sales again in 2010". BYD Auto. Retrieved 2010-11-02.
- Marc Gunther (2009-04-13). "Why Warren Buffett is investing in electric car company BYD". CNNMoney.
- Ma, Nan (6 September 2012). "Pure EV lured by wealthy Chinese markets". The Morning Whistle. Retrieved 2 April 2013.
- "Autoliv Builds New Plant in China". Autoliv Inc. 2003-11-21.
- Carmen Lee (2011-11-16). "As official announcement on new energy vehicles is made, BYD's sees stock price jump". Gasgoo.
- "BYD L3 going on sale in Laos". BYD Auto. 28 January 2013. Retrieved 7 March 2013.
- "S6DM". BYD Auto.
- "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.
- "BYD says to restart construction of China Xi'an plants". Reuters. 2011-04-05.
- "Daimler, BYD hope luxury Denza will spark China e-car sales". reuters.com. Thompson Reuters. May 17, 2012. Retrieved November 23, 2012.
- "BYD and Daimler in EV Joint Venture". ChinaAutoWeb. 2010-05-27.
- "Joint Venture between BYD and Daimler Receives Business License". BYD Auto. 2011-03-01.
- Steitz, Christoph (Mar 24, 2012). "Daimler to present electric car for China-magazine". reuters.com. Thompson Reuters. Retrieved November 23, 2012.
- Siu, Twinnie (Mon Jul 16, 2012). "PRESS DIGEST - Hong Kong - July 17". reuters.com. Thompson Reuters. Retrieved November 23, 2012.
- "BYD models to appear in Bahrain". Global Times. 2010-12-08.
- "Peravia Motors presenta al mercado dominicano nueva marca de vehículos BYD" (in Spanish). El Nuevo Diario. 2010-02-11.
- "Dominican capital turns Chinese yellow, with taxis". DominicanToday.com. 2010-02-05.
- "China's automaker BYD launches its brand in Ukraine". Xinhua. 2011-10-26.
- "Auto Centru Elita 5, BYD dealer in Chisinau, Moldova".
- "BYD Opens U.S. Headquarters In Los Angeles". Edmunds. 25 October 2011. Retrieved 7 March 2013.
- Chang-Ran Kim (2011-01-11). "BYD sees mass U.S. entry in first quarter of 2012 with e6". Reuters.
- "BYD ties up to assemble cars in Russia". Shanghai Daily. 2010-12-08.
|Wikimedia Commons has media related to BYD vehicles.|
- BYD Auto's official site (English)
- BYD Auto's official site (Chinese)
- BYD Auto Co., Ltd. - Invest in Longgang, Shenzhen