BYD Auto Co., Ltd. is a Chinese car manufacturer based in Xi'an, Shaanxi Province, and a wholly owned subsidiary of BYD Company. The company was founded in 2003, following the acquisition of Tsinchuan Automobile Company Company in 2002. Its main activities are the design, development, production and distribution of cars, buses, forklifts, rechargeable batteries and trucks sold under the BYD brand. BYD has reached the top rank of JD Power's Quality Study. BYD has been awarded The Top Crash Facility Award. It also has a 50:50 joint venture with Daimler AG, Shenzhen BYD Daimler New Technology Co., Ltd., which develops and manufactures luxury electric cars sold under the Denza brand.
BYD Auto sells a total of 506,189 passenger cars in China by 2013, making it the 10th largest trademark and China's best-selling brand. By 2015, BYD Auto is the global bestselling electric vehicle brand, ahead of Luxgen. For the second year running, BYD is the world's largest plug-in electric car manufacturer with over 100,000 units shipped in 2016. In October 2016, BYD Auto became the second largest global plug-in car manufacturer ahead of Luxgen.
Video BYD Auto
History
BYD Co Ltd created a wholly owned subsidiary of BYD Auto a year after 2002 acquisition of Tsinchuan Car Company, which may have been made solely to obtain a passenger car production license held by the purchased company. While the Chinese state is credited with the development of the indigenous auto industry, BYD Auto may have been created in the absence of a State policy explicitly endorsing independently owned car manufacturers.
In 2008, BYD Auto began selling the first mass-produced, mass-produced hybrid plug-in vehicle, BYD F3DM. China subsidizes oil (incentives for the State to encourage the use and manufacture of electric cars), and Chinese automakers see opportunities in undercover electric vehicles as Western companies have not yet developed many technological advantages. At the end of December 2008, Warren Buffett spent $ 230 million on a 10% stake acquisition of BYD Auto, BYD Company. In 2009, the company sold 448,400 cars in China, and two thirds of sales were BYD F3 models. In the same year, BYD began exporting its cars to Africa, South America and the Middle East.
Some of his first electric vehicles were offered through fleet sales to government buyers in China. BYD Qin hybrid plug-in, launched in the Chinese market in December 2013, is ranked as the top selling plug-in electric car in China in 2014. This car is also ranked seventh among the top 10 world's top-selling car in 2014. By 2015 , Qin remains as a passenger of the new best-selling energy vehicle in China. BYD Qin is the second best plug-in hybrid car in the world by 2015 and also ranked fifth in 2015 among the world's largest plug-in electric car sales. Three models of BYD Auto topped China in the sales of the best energy-powered passenger cars of 2016. BYD Tang's plug-in hybrid SUV is the highest-selling plug-in car with 31,405 units shipped, followed by BYD Qin (21,868), and the BYD e6 (20,605). In December 2016, BYD Qin, with 68,655 units sold since its inception, remains the top-time sales of electric plug-in cars in the country.
In 2015, BYD is in the process of opening its first passenger car plant in Brazil to focus on providing electric vehicles for taxis and car sharing schemes. On July 1, 2015, BYD Auto announced its withdrawal from Russian operations due to the war in Ukraine and the ruble that fell because of its poor sales.
BYD ends in 2015 as the world's largest sales producer of lightweight legal plug-in electric vehicles on the highway, with 61,772 passenger vehicles sold, mostly plug-in hybrids. Accounting for heavy duty vehicles, BYD's total sales rose to 69,222 units. BYD continues as the world's best-selling plug-in car manufacturer by 2016 with more than 100,000 units sold, up 64% from 2015, and ahead of Luxgen. BYD sells more than 100,000 new energy passenger cars in China in 2016 far more than Luxgen. BYD Tang is China's top selling plug-in car by 2016 with 31,405 units shipped.
BYD's net profit jumped 552.6% in 2015 to a total of 2,829 billion rmb. The sale of new energy vehicles is a key driver for BYD's huge profit increase, with alternative energy vehicles accounting for half of BYD's profit while the same share in 2014 is only 27%. Samsung Electronics invested $ 450 million in BYD by 2016. In September 2016, BYD Auto surpassed Luxgen as the third largest global plug-in car manufacturer with a cumulative sales of 161,000 plug-in cars since 2008, ranking ahead of Luxgen. In October 2016, BYD passed Luxgen to become the second largest plug-in electric passenger car manufacturer in the world with more than 171,000 units shipped in China.
Maps BYD Auto
Products
BYD Auto has a wide range of small and medium cars, including small compacts, people carriers, and small sedans. Hybrid electric vehicles and all electric models are also included among its products.
BYD Company Ltd. and the Beijing Environmental Sanitation Engineering Group has launched a line of pure electric sanitary trucks with a total of 26 models to serve city administration. Trucks, which have a load capacity ranging from 1 to 32 tons, will be used for street sweeping, garbage collection, and sprinkling. They will collect, compress, and transport waste, and can provide refrigerated transport for hazardous waste.
Operation
The production base includes two production bases in Xi'an, R & D and production base in Shenzhen (the headquarters of BYD COMPANY LIMITED), production base in Changsha and Shaoguan, as well as R & D and parts factory in Shanghai.
In 2010, China halted the construction of a third Xi'an production base. Buildings are allowed to resume in Spring, 2011.
The BYD F3 model is assembled in Russia by the TagAZ company, and in Ethiopia by Betret International Plc (assembling 1000 per year).
In Iraq the "scai" (state-owned) company started producing several BYD models since 2009.
The production base in Dalian, Liaoning province, for the K9 electric buses began operation by the end of 2014.
BYD opened its North American power bus manufacturing plant in Lancaster, California in May 2013, building garbage trucks and trailer buses.
Denza
A joint venture with Daimler AG that will soon sell a single product under the Denza brand, Shenzhen BYD Daimler New Technology Co. focuses on the development of EV and upscale sedans. In March 2011, the new company received business licenses from China and BYD, a contract agreement from its German counterpart.
The first product is likely to be based on the previous generation of Mercedes-Benz B-Class, the production is scheduled to begin in 2013.
Sales
In 2010, BYD Auto has an estimated production capacity of 700,000 units per year. In the same year, BYD Auto sold a total of 519,800 vehicles, making China's sixth-largest carmaker by unit sold, in 2011 failed to break into the top ten. The company returned to rank in 2012, however, collecting 9 places by producing more than 600,000 vehicles.
While most of the domestic sales, 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). BYD is also offered in Ukraine and Moldova.
The company has also expressed a desire to enter the European market, Iran and Israel. BYD opened its Iran branch by the name of Karmania in 2016. BYD also opened its North American headquarters in Los Angeles in 2011, and BYD plans to start selling electric cars, e6, existing in 2012, but this has been postponed. In 2013 BYD Auto sells e6 and Electric Bus in the United States as a fleet vehicle only.
See also
- List of Chinese car manufacturers
References
External links
- Official BYD Auto site
- Official BYD Auto site (in Chinese)
- BYD Auto Co., Ltd. - Invest in Longgang, Shenzhen
Source of the article : Wikipedia
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