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)
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

Toyota using Tesla-style Panasonic batteries for China hybrids - sources

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/13/2019 | 02:06am EDT
89th Geneva International Motor Show in Geneva

TOKYO (Reuters) - Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said.

Toyota is using Panasonic's cylindrical batteries in its new Corolla and Levin plug-in hybrid sedans launched in China this year, one of the people said.

The batteries are the same size as those that Panasonic makes for Tesla, but the composition is different, said the sources, who declined to be identified as the matter is private.

The move reflects Toyota's efforts to secure stable supplies of high-quality batteries amid the accelerated global shift to electricity-powered cars.

Japan's biggest automaker co-developed the batteries with Panasonic over a period of several years as it expands its lineup of electrified vehicles, according to one of the people, who has direct knowledge of matter.

A Panasonic spokeswoman said the company is not in a position to comment as a supplier, while Toyota declined to comment.

The Nikkei newspaper reported the news earlier.

Toyota has favoured square, or prismatic, batteries for its vehicles, and uses some manufactured by Panasonic for its hybrids. The two companies announced a joint venture in January to build electric-vehicle (EV) batteries, pooling the R&D and manufacturing strengths of one of the world's largest automakers with one of the largest battery makers.

Toyota has also partnered with China's Contemporary Amperex Technology Co Ltd and EV maker BYD Co Ltd for battery procurement.

Toyota is believed to have ordered about 50,000 of the cylindrical batteries, pushing Panasonic's battery plant in Osaka to full capacity, the Nikkei said.

Panasonic has been the exclusive battery cell supplier for Tesla, but the U.S. electric vehicle maker is in advanced talks with South Korea's LG Chem Ltd as it seeks to diversify sources of the key component.

(Reporting by Kevin Buckland and Makiko Yamazaki; Editing by Chang-Ran Kim and Stephen Coates)

By Kevin Buckland and Makiko Yamazaki

Stocks mentioned in the article
ChangeLast1st jan.
BYD COMPANY LIMITED End-of-day quote.
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD End-of-day quote.
LG CHEM LTD End-of-day quote.
NIKKEI 225 0.16% 22079.09 Real-time Quote.10.14%
PANASONIC CORPORATION 0.24% 894.7 End-of-day quote.-6.80%
TESLA INC. -2.43% 240.62 Delayed Quote.-27.70%
TOYOTA MOTOR CORP 0.53% 7403 End-of-day quote.19.79%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BYD COMPANY LIMITED
09/13Toyota using Tesla-style Panasonic batteries for China hybrids - sources
RE
09/12Toyota using Tesla-style Panasonic batteries for China hybrids - sources
RE
09/06BYD : Voluntary announcement sales volume for august 2019
PU
08/21BYD's profit triples as China's electric car boom continues
RE
07/31Byd adl partnership tops 100 electric double deck sales in uk with byd adl en..
AQ
07/22BYD : Toyota Enter Agreement to Jointly Develop Battery Electric Vehicles; Discu..
AQ
07/19TOYOTA MOTOR : China's BYD to develop electric vehicles to launch by 2025
AQ
07/19Toyota, China's BYD team up to develop battery EVs
RE
07/17Toyota, China's CATL in partnership for new energy vehicle batteries
RE
06/27Toyota to invest $2 billion in developing electric vehicles in Indonesia
RE
More news
Financials (CNY)
Sales 2019 137 B
EBIT 2019 7 307 M
Net income 2019 2 638 M
Debt 2019 48 517 M
Yield 2019 0,34%
P/E ratio 2019 50,9x
P/E ratio 2020 38,6x
EV / Sales2019 1,36x
EV / Sales2020 1,23x
Capitalization 138 B
Chart BYD COMPANY LIMITED
Duration : Period :
BYD Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 49,68  CNY
Last Close Price 50,07  CNY
Spread / Highest target 56,0%
Spread / Average Target -0,79%
Spread / Lowest Target -48,5%
EPS Revisions
Managers
NameTitle
Chuan Fu Wang Chairman, President & Executive Director
Jun Qing Dong Chairman-Supervisory Board
Jing Sheng Wu Chief Financial Officer & Vice President
Zuo Quan Xia Non-Executive Director
Xiang Yang Lü Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
BYD COMPANY LIMITED17 623
SAIC MOTOR CORPORATION-7.09%40 628
FERRARI52.94%28 307
MARUTI SUZUKI INDIA-20.01%28 025
FIAT CHRYSLER AUTOMOBILES-2.22%21 273
EXOR NV34.57%16 088