Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

BYD COMPANY LIMITED (002594)
My previous session
Most popular
  Report  
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Charged up at pole position

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/10/2018 | 08:30am CEST

Automaker BYD Co is racing against time to launch the world's largest electric vehicle battery production plant in Qinghai province by 2019. [Photo/IC]

Batteries, charging network to power China's e-vehicle industry to big lead

In line with the global rise of Chinese manufacturers who are prioritizing quality over quantity, automaker BYD Co is racing against time to launch the world's largest electric vehicle or EV battery production plant in Qinghai province by 2019.

The remarkable achievement will reinforce that Chinese companies are at the forefront of EV battery innovations, industry insiders said.

The race for edge in the EV battery segment is part of China's ambitious plan to recast the global vehicle battery market and exploit rising demand for electric cars.

"BYD, which will add an annual capacity of 60GWh (gigawatt-hours) till 2020, will be among the world's tier-1 battery companies such as Contemporary Amperex Technology Ltd. The latter is China's fastest-growing battery maker, and will have 88GWh/year capacity by then," said Nannan Kou, senior associate with Bloomberg NEF advanced transport.

"Competition will also lead to cheaper battery prices and more industry consolidation, and the rest of the domestic battery manufacturers will have to fight more fiercely for market share."

Agreed Zou Hui, an analyst at Orient Securities. Chinese companies are already among the top EV battery innovators thanks to their improved technological strength and solid client base, he said.

The government has been pushing for electric vehicles, to shift consumers away from vehicles powered by internal combustion engines, in order to reduce air pollution, protect public health and make the country's energy mix greener.

(c) 2018 China Daily Information Company. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BYD COMPANY LIMITED
09/10Charged up at pole position
AQ
09/10Charged up at pole position
AQ
08/29BYD : posts 72.2 percent fall in first-half profit as Beijing cuts subsidies
RE
08/15BYD will make EVs for Georgia mass transit
AQ
08/15BYD will make EVs for Georgia mass transit
AQ
07/20BYD : wins bid for battery electric buses
AQ
07/12BYD, Generate Capital to launch electric bus leasing JV in US
AQ
07/11BYD launches 1st electric bus leasing program in US
AQ
07/11BYD launches 1st electric bus leasing program in US
AQ
06/30BYD COMPANY : Half-year report
CO
More news
News from SeekingAlpha
10/12China auto sales plummet 
10/08Can BYD Auto Become A US$150 Billion Revenue Company? 
10/02DIESEL'S DEMISE : Westport Fuel Systems' Massive Opportunity 
10/01EV Company News For The Month Of September 2018 
09/21The Electric Truck Boom Is About To Begin 
Financials (CNY)
Sales 2018 124 B
EBIT 2018 7 632 M
Net income 2018 3 523 M
Debt 2018 51 797 M
Yield 2018 0,45%
P/E ratio 2018 37,49
P/E ratio 2019 28,16
EV / Sales 2018 1,43x
EV / Sales 2019 1,22x
Capitalization 125 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 51,3  CNY
Spread / Average Target 8,3%
EPS Revisions
Managers
NameTitle
Chuan Fu Wang Chairman, President & Executive Director
Jun Qing Dong Chairman-Supervisory Board
Jing Sheng Wu Chief Financial Officer & Vice President
Zuo Quan Xia Non-Executive Director
Xiang Yang Lü Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
BYD COMPANY LIMITED18 084
SAIC MOTOR CORPORATION-15.73%45 542
MARUTI SUZUKI INDIA-26.39%29 583
FIAT CHRYSLER AUTOMOBILES-6.06%25 043
FERRARI9.70%21 975
GUANGZHOU AUTOMOBILE GROUP CO LTD-61.68%13 475