BYD Company

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BYD Company Limited (SEHK1211) (simplifeed Cheenese: 比亚迪股份有限公司; traditeeonal Cheenese: 比亞迪股份有限公司; pinyin: Bǐyàdí Gǔfēn Yǒuxiàn Gōngsī) is a Cheenese manufacturer o automobiles an rechargeable batteries[1] based in Shenzhen, Guangdong province. Hailed for its innovations, BYD haes grown tae become a major manufacturer o rechargeable batteries, maist notably mobile phone batteries.

History[eedit | eedit soorce]

Founded in the Februar o 1995[1] an leetit on the Hong Kong Stock Exchange on July 31,[2][3] 2002,[4] BYD Co Ltd began as a rechargeable-battery factory, competin in the Cheenese market against Japanese imports.[5] The foonder admits tae haein studied patents awned bi Sanyo an Sony, twa companies that later brocht IP lawsuits against BYD.[5]

BYD grew quickly; athin ten years capturin mair nor hauf the warld's mobile-phone battery market[6] an becomin the lairgest Cheenese manufacturer (an in the top fower warldwide) o aw types o rechargeable batteries.[5] Replacin wirk done bi machines wi cheap, local labor lowered costs,[6] an the company began expandin ayont batteries, addin automobiles an mobile phone components.

BYD Auto Co Ltd wis born a year efter the 2002 acquisition o Tsinchuan Automobile Co Ltd,[3] an mobile phone components wur addit tae its product line aroond the same time. But the mobile phone business, BYD Electronic, wis spun aff in 2007.[2][3][7]

The name BYD mey be an acronym derived frae either the company's Cheenese name[5] or frae the phrase "build yer dreams".[8]

BYD an aa derives income frae the lease o investment properties.[2]

References[eedit | eedit soorce]

  1. a b Company Profile Archived 2009-04-27 at the Wayback Machine BYD Official Site
  2. a b c "BYD Co Ltd 2008 Annual Report" (PDF). Archived frae the original (PDF) on 8 Julie 2011. Retrieved 12 October 2010.Archived 2011-07-08 at the Wayback Machine
  3. a b c Company Profile Archived 2009-08-26 at the Wayback Machine BYD Auto Official Site
  4. to BYD Company Introduction, BYD Official Site
  5. a b c d Marc Gunther (13 Apryle 2009). "Why Warren Buffett is investing in electric car company BYD". Fortune. Retrieved 2 Mey 2009. Italic or bold markup not allowed in: |publisher= (help)
  6. a b China, Inc. By Ted Fishman Google Books, page 215
  7. "00a.Cover 2-30049e" (PDF). Archived frae the original (PDF) on 10 October 2008. Retrieved 12 October 2010.Archived 2011-07-08 at the Wayback Machine
  8. A Small Showing, but With Big Dreams NICK BUNKLEY Published: January 12, 2009