Company Profile: BYD Company

This article is reprinted from our green investing newsletter, Progressive Investor. Update: 3/19/10 BYD decided to delay the widely anticipated commercial rollout of its Model E6 electric car, which was scheduled for late 2010. They will build only 100 E6s to be used as taxis instead. Further development of EVs depends on the success of the taxis.| BYD says it still plans to introduce its F3DM plug-in hybrid in the US by the end of the year, and will market hybrids and the E6 EV in Europe next year. The plug-in went on sale in China on April 1. — BYD Company (1211.HK; BYDDF.PK) Shenzhen, China Market Cap: $157B Price: $68.90 52 Week Range: $13.38-88.40 Rating: Hold www.byd.com/ BYD Company, which stands for Build Your Dreams, emerged from relative obscurity when Warren Buffet’s Berkshire Hathaway (BRK.A, BRK.B) spent $231 million for a 10% stake in September 2008. Founded by China’s wealthiest man, BYD is the world’s largest producer of rechargeable batteries and a major car manufacturer in China, which recently surpassed the US as the world’s largest market for cars. It also makes handsets and parts for mobile phones. Its F3 sedan was the bestselling automobile in China last year. […]

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