BYD’s annual sales top $100bn for first time

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BYD’s annual sales first led $ 100 billion, as China’s electric vehicle champion prevails in its domestic market and pushes forward with an overseas expansion.

Shenzhen-based Bead He said that the income increased by 29% to RMB777BN ($ 107 billion) by analysts to the RMB766BN forecast on the back of the strong demand for additional hybrids. The net income of the group rose 34% from RMB40BN a year ago.

Unlike its US competitor Tesla, which only sells electrical vehicles and last year that $ 98 billion income has benefited from the restoration of hybrid vehicles.

After the long-term war in China, Fadd has also begun to move the market share to win the market share.

“Leading players in the market, including Bedd, have moved to the” price-voluntary “approach,” said Serena Shen, an automatic S & P global mobility analyst. “Instead, they try to raise retail prices by updating and updating their models.”

The results of the cape have been remarkable for 12 months since this year sought to make its composition more attractive, importing several new technologies, including its so-called God’s eye advanced motor system.

Founder Wang Chuanfu: Last week opened the battery charging system, which the company said would allow customers Charge EVS in five minuteshelping his shares to record record height.

The shares have been relieved of the high level last week, but have scored 91 percent in the last 12 months. They were closed by 3% on Monday for $ 403.40.

In contrast, shares in Tesla, which have a $ 100 billion income in December, have fallen to 32 percent in December this year.

BYD also pushes forward with aggressive expansion from China, giving it to lugacy carmakers, such as Volkswagen and Toyota from Europe to South-East Asia.

Last month, BDD, whose foreign sales passed more than 4 million more than 4 million dollars, gathered almost $ 6 billion to finance its growth outside China. The group, which was calculated in January-February about 16 percent of all cars exported from China, opened factories in Thailand and Uzbekistan.

BYD is at the frontline of the bum in the Chinese Cleantech export. In addition to cars, the company produces a number of energy technologies, including lithium batteries for large-scale energy maintenance and solar modules.

The company raised fears about China’s promotion in the field of battery technology among Western arms and governments. Last year, the EU imposed sharp tariffs on Chinese electric vehicles, a step that was followed by an investigation into the unjust industry support by the bloc.

The international ambitions of BYD also raised questions about how it would work harder work and environmental standards. The development of $ 1 billion in Brazil has been postponed in December when the authorities have stopped the construction of such conditions as “slavery.”

Bedd later fired a Chinese contractor and said that “zero tolerance” has contempt for local legislation and human dignity.