BYD
BYD sets up new firm in Hefei, with registered capital of $154 million
In addition to Nio, the central Chinese city of Hefei is attracting more car companies to set up operations there.
Citi raises BYD price target, says its P/S ratio should reach Nio's level
Nio has a P/S ratio of 22 times, while the figure for BYD is 3 times.
BYD to start construction of project with Hefei at end of August
After Nio, BYD has become the latest car company to build new energy vehicle projects with the city of Hefei in east China.
BYD expects to see 100,000th Han model roll off line on July 15
As BYD is about to celebrate the first anniversary of Han's launch, the company expects to see the model's 100,000th unit roll off the line on July 15.
BYD Han sold 8,386 units in June, up 2% from May
BYD Han EV sold 5,815 units and Han DM sold 2,571 units in June.
Analysts say BYD's full transition to NEVs about to happen
After BYD announced its June sales figures on Monday, analysts believe its full transition to new energy vehicles (NEVs) is about to be realized.
BYD sold 41,366 NEVs in June, up 192% from a year ago
BYD sold 40,116 new-energy passenger vehicles in June, including 20,016 pure electric vehicles and 20,100 plug-in hybrids.
BYD launches 3 new Yuan Pro SUV variants
The three variants are available with 301km and 401km of range and are priced at RMB 79,800 ($12,338), RMB 89,800, and RMB 99,800 after subsidies.
BYD Semiconductor applies for A-share listing in China
BYD announced on June 30 that its application to spin off its subsidiary BYD Semiconductor to list on the ChiNext, a NASDAQ-style subsidiary of the Shenzhen Stock Exchange, has been received by the Shenzhen Stock Exchange.
BYD adds DM-i powertrain production line with capacity of 500,000 units per year
The popularity of DM-i technology caught BYD off guard, and delays in order deliveries have put the company under pressure. Now, to boost production capacity, BYD is building a new production line.