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BYDDF - BYD Company Limited


merkhet

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BYD Ranks in Top 5 for Chinese Patents Awarded

 

http://online.wsj.com/article/PR-CO-20140303-910689.html

 

BYD Sells Another 2,200 Electric Buses & Taxis in China

 

http://cleantechnica.com/2014/03/10/byd-sells-another-2200-electric-buses-taxis-china/

 

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"This guy is a combination of Thomas Edison and Jack Welch - something like Edison in solving technical problems, and something like Welch in getting done what he needs to do.

I have never seen anything like it."

Charles Munger on Wang Chuanfu

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The problem with BYD is that they haven't shown much product capability. Engineering? Sure, though not on the level of Tesla except maybe for the batteries (certainly not the rest of the car).  You need the whole package to woo a skeptical consumer and command premium pricing, like Tesla has done.

 

I've seen BYD vehicles in person at the Detroit Auto show a little while ago. Real underwhelming crap. One of their show cars even had corrosion on one side, which shows their level of attention to detail (meanwhile, Musk personally inspected every Tesla before it shipped for a long time)...

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The problem with BYD is that they haven't shown much product capability. Engineering? Sure, though not on the level of Tesla except maybe for the batteries (certainly not the rest of the car).  You need the whole package to woo a skeptical consumer and command premium pricing, like Tesla has done.

 

I've seen BYD vehicles in person at the Detroit Auto show a little while ago. Real underwhelming crap. One of their show cars even had corrosion on one side, which shows their level of attention to detail (meanwhile, Musk personally inspected every Tesla before it shipped for a long time)...

 

Last time I went in China my driver was using a gasoline BYD car. BYD cars are quite nice IMO altough when I was asking the Chinese their perception on the brand their answer was "It's OK".

 

BeerBaron

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I think BYD makes just average car. most buyers of BYD are taxi company, and low to mid income class people in china. but the exciting thing about BYD is that the Chinese government can make the wide adoption of e-cars happen very fast, much faster than what would happen in a democratic country like America. an example is recently some local chinese government announced deals to buy hundreds of new BYD buses or cars to use as taxi.

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The problem with BYD is that they haven't shown much product capability. Engineering? Sure, though not on the level of Tesla except maybe for the batteries (certainly not the rest of the car).  You need the whole package to woo a skeptical consumer and command premium pricing, like Tesla has done.

 

Really?  I guess you have not seen the DJCO's notes that I posted here from last year DJCO's annual meeting.  Li Lu was there.  He answered A LOT of questions about BYD.  You might gander at the BYD's annual report.  BYD has 250,000 engineers working for them.  They are full-time development engineers.  Granted that their cars are not as nice looking as a Tesla, but what they have over Tesla is the "battery" technologies.  Even with the Gigafactory that Musk is envisioning building for his Tesla and Solar City, BYD is at least 10 years ahead of battery research on Tesla in that arena.  In the electric car business, it's the battery technologies that make the whole difference.  Right now, Tesla is at the mercy of Panasonic.  If Panasonic cuts its battery production, Tesla will get clobbered. BYD builds the entire value chain from battery to cars and buses.  So, tell me again who has the whole package again?

 

Oh, I forgot to mention that with the Gigafactory that Musk is dreaming of; it will cost more than $5BIL+ to build that factory.  It's more like $8-$10B in CapEx cost...

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BYD promises ‘battery for life’

http://www.shdlogistics.com/news/view/byd-promises-battery-for-life

 

The upshot of all this is a very dramatic saving in operating costs: BYD has calculated that the annual operating and battery amortization cost savings when using a lithium iron phosphate battery in a single-shift, five-day-a–week lift truck operation could exceed €1,500 a year.

 

The astonishing lifespan of a BYD lithium iron phosphate battery creates a further layer of savings, because even after 4,000 charging cycles, these amazing power cells retain over 75% of their original capacity. That means that after eight years of dual-shift operation five days a week, the remaining capacity in the battery will exceed 75%.

 

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That means a single BYD lithium iron phosphate battery could replace up to four traditional lead acid ones over 8-10 years in operations where daily battery changes were required for the latter – a saving in battery purchase costs over the period of over €10,000 for every lithium iron phosphate battery-equipped forklift in use. 

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