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30
Sep
2009
BYD's future plans E-mail
News - Xi'an News
Written by ND
The chinese car manufacturer BYD (BYD stands for "Build Your Dream") wants to become the world's largest producer of automobiles until 2025 and even leave Toyota behind.

This information was wired by the state owned "China Daily" who refers to statements of a top-manager of BYD. The ambitious goals are based on a solid financial situation and on a strong position in the battery market. (Note: BYD is from of the biggest battery producers in China and world wide).

Last year, BYD produced 193,000 cars, that made BYD the 33. largest automobile manufacturer world wide. The market leader Toyota produced 9,24 million automobiles. An interesting fact is, that BYD got a prospecting cash injection from U.S. millionaire Warren Buffet, who besides, owns 10% of BYD since last fall (for $230 millions).

The deal, which is awaiting final approval from the Chinese government, didn't get much notice at the time. It was announced in late September, as the global financial markets teetered on the abyss. But Buffett (see image on the right) believes that it is a very big deal. He thinks BYD has a shot at becoming the world's largest automaker, primarily by selling electric cars, as well as a leader in the fast-growing solar power industry.

With that awaited cash injection, the further extension of BYD's factory will be financed and enable BYD to produce 400,000 automobiles per year.

Furthermore BYD intends to get more millions on the stock market to invest them into the development and research of alternative actuation systems.

BYD is already one of the biggest producers of Lithium-Ion batteries which can be used for electro cars as well.

With a yearly production capacity of 360 million batteries, BYD is the third largest producer world wide after Sanyo, Samsung and Sony.

With the german global player VW exists since quite a time a cooperation agreement about battery technology research.

BYD's E6

A great impact on the Detroit car show 2009 (North-America, USA) experienced the BYD E6. The E6 is an all-electric crossover car in production by BYD. BYD claims its all-electric range will reach 400 km per charge. More information on Wikipedia.

More Information

BYD's Website

One of BYD's several great own innovations: The F0...




Our valuable Editor ND has been with us since Monday, 15 June 2009.

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