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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  BYD Company Limited    002594   CNE100001526

BYD COMPANY LIMITED

(002594)
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BYD : Chinese electric automaker BYD opens first plant in Canada

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06/25/2019 | 03:07pm EDT
FILE PHOTO: Woman walks past a BYD sign at the second media day for the Shanghai auto show in Shanghai

(Reuters) - Chinese electric vehicle maker BYD Co Ltd said on Tuesday it had opened its first plant in Canada, which will initially focus on assembling buses for the Toronto Transit Commission, a public transport agency.

The 45,000 sq.ft. facility is based in Ontario and the transport agency will receive 10 electric buses with an option for 30 more, the Warren Buffett-backed company said.

As traditional automakers withdraw from Canada, municipalities across the country are doubling their efforts to tackle climate change through zero-emissions transit, Ted Dowling, vice-president of BYD Canada, said.

Last year, Reuters reported https://www.reuters.com/article/us-byd-canada/buffett-backed-chinese-automaker-byd-suspends-plan-for-canada-plant-idUSKCN1NS213 that the company had put plans to open its first Canadian electric truck plant on hold but could revive the project when the electric vehicle maker sees a business case.

BYD had last year planned to open the site with about 40 workers, aimed at boosting green manufacturing in Ontario, Canada's most populous province.

The company is looking to replicate its Lancaster, California plant, which started with about 100 workers in 2013 and now employs more than 750 people.

(Reporting by Arundhati Sarkar in Bengaluru and Allison Lampert in Montreal; Editing by Anil D'Silva and Arun Koyyur)

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Financials (CNY)
Sales 2019 150 B
EBIT 2019 7 954 M
Net income 2019 3 540 M
Debt 2019 48 346 M
Yield 2019 0,37%
P/E ratio 2019 41,2x
P/E ratio 2020 34,4x
EV / Sales2019 1,37x
EV / Sales2020 1,22x
Capitalization 157 B
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 56,12  CNY
Last Close Price 54,65  CNY
Spread / Highest target 42,9%
Spread / Average Target 2,68%
Spread / Lowest Target -52,2%
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NameTitle
Chuan Fu Wang Chairman, President & Executive Director
Jun Qing Dong Chairman-Supervisory Board
Jing Sheng Wu Chief Financial Officer & Vice President
Zuo Quan Xia Non-Executive Director
Xiang Yang Lü Vice Chairman
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