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BYD Auto
比亚迪汽车
Type Subsidiary of BYD Company:SEHK: 1211
Founded 2003
Headquarters Shenzhen, Guangdong, China
Xi'an, Shaanxi
, China
Key people Wang Chuanfu, Chairman
Industry Automotive
Products Automotive goods
Parent BYD Company Limited
Website www.byd.com

BYD Auto (simplified Chinese: 比亚迪汽车; Pinyin: Bǐyàdí Qìchē) is a Chinese automobile manufacturer based in Shenzhen, Guangdong Province. The firm was established in 2003,[1] and it is a part of the rechargeable battery maker, BYD Co Ltd.[1] In 2009, the company sold 448,400[2] cars in China, of which about two-third were the BYD F3 model.[3]

In December 2008, BYD Auto began selling the world's first mass-produced, plug-in hybrid vehicle, the BYD F3DM.[citation needed] Also in late December, 2008, Warren Buffet spent $230 million buying up 10% of the stake in the company.[4]

Contents

History

BYD Co Ltd created the wholly-owned subsidiary BYD Auto a year after its 2002 acquisition of the Tsinchuan Automobile Company.[1]

In 2006 BYD began to export its vehicles to foreign countries[5] and as of 2009 BYD exports its cars to Africa, South America and the Middle East.[6] The company has plans to enter the European and Israeli markets,[7] and hopes to sell vehicles in the United States, too.[8]

Production bases

Production bases include an automobile assembly base in Xi'an, a module manufacturing plant in Beijing, a R&D center and nascent automobile assembly base in Shenzhen and a R&D center in Shanghai.[1]

In the media

Look-a-like models

Many Chinese auto manufacturers' cars ape those of foreign automakers[11][12][13] and some BYD cars seem to copy those of many brands including Lexus,[14] Toyota,[15][16] Honda,[17] Mercedes Benz,[18][19][20] and Porsche.[21] For example, the BYD F8 convertible bears great similarity to the Mercedes CLK from the front, and the Renault Megane CC or third generation Chrysler Sebring convertible from the rear.[22]

A previous logo used by BYD consisted of a blue and white oval surrounded by a black bezel. Its similarity with the brand of German automaker BMW has been noted by several sources.[23][24]

See also

References

  1. ^ a b c d Company Profile BYD Auto Official Site
  2. ^ 2009 Chinese Auto Sales
  3. ^ BYD aims to double car sales again in 2010
  4. ^ Warren Buffett looks to electric car in BYD stake
  5. ^ "BYD Auto,Build Your Dreams". Byd.com. http://www.byd.com/. Retrieved 2009-04-28. 
  6. ^ a b Marc Gunther (13 April 2009). "Why Warren Buffett is investing in electric car company BYD". Fortune. http://money.cnn.com/2009/04/13/technology/gunther_electric.fortune/. Retrieved 2 May 2009. 
  7. ^ Israel's Clal to import China's BYD electric cars reuters.com, Thu Sep 25, 2008 4:29am EDT
  8. ^ http://www.bydit.com/doce/news/2009521163533.shtml BYD Press Release, 2009-5-11
  9. ^ "Wang Chuanfu: Building electric dreams in China". TalkAsia. 20 April 2009. http://edition.cnn.com/2009/WORLD/asiapcf/04/20/byd.wangchuanfu/index.html. Retrieved 28 April 2009. 
  10. ^ http://www.business-standard.com/india/news/%5Cthe-worldglobality-is-not-flat%5C/331078/
  11. ^ China's drive into U.S. car market stalls money.cnn.com, OCTOBER 31, 2008: 6:09 AM ET
  12. ^ Two Billion Cars: Driving Toward Sustainability By Daniel Sperling, Deborah Gordon, Pg. 214 Google Book Search
  13. ^ Road rage in the West as copycat cars from China start to make their marque overseas independent.co.uk
  14. ^ RX for Success... or lawsuit? China's BYD gets its Lexus tribute on autoblog.com, Mar 27th 2009
  15. ^ Detroit 2009: BYD F3DM is the poor man's plug-in Toyota Corolla autoblog.com, Jan 13th 2009
  16. ^ China's F1 entry... sorta autoblog.com, Oct 23rd 2007
  17. ^ Beijing '08 Preview: BYD e6 electrifies family hauling autoblog.com, Apr 17th 2008
  18. ^ BYD S8 Convertible: A Chinese Chopstick Dumpling Deathtrap jalopnik.com, Wed Apr 15 2009
  19. ^ BYD B8 Convertible: Impending Doom Never Looked So Good, SL-like jalopnik.com, Tue Apr 21 2009
  20. ^ Chinese Byd for entry into sports car market autoblog.com, Nov 5th 2006
  21. ^ BYD T6: A Chinese Porsche Cayenne Knock-Off jalopnik.com, Mon May 4, 2009
  22. ^ MotorAuthority: Another Chinese copy, the BYD F8
  23. ^ Car company logo rip-offs
  24. ^ http://www.bmwism.com/bmw_roundel.htm

External links

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