Without local government support, it would be hard for BYD to have any success.
"We are selling vehicles that have extensive technologies, " said Isbrand Ho, BYD's director of export sales.
That makes BYD one of the worst performers in the global equity markets over the period.
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If you don't get that, you can make the kind of costly mistake BYD did.
BYD, a Chinese firm, seems to have Panasonic's success in the world of cameras in mind.
It is potentially a big deal for BYD, the auto- and battery- maker he founded and runs.
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Last week, BYD reported that its third-quarter net income plunged by 99 percent on weak sales.
That will limit competition, helping BYD and other small, hungry Chinese auto firms like Geely, Shuanghuan and Chery.
Higher costs and perceived lower quality has buyers turning away from BYD, which stands for Build Your Dreams.
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At the beginning of this month BYD broke ground on its second factory in the city of Xian.
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Will GM or Nissan dominate electric vehicles or will it be BYD?
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With its electric car business sagging, BYD is stepping up emphasis on SUVs.
Luckily, BYD got into the auto market just before the door slammed shut.
Meanwhile, a China Daily story makes a point about BYD this weekend.
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In its defense, BYD said that it had conducted due diligence and obtained the necessary approvals from local government.
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This is also the model with which BYD plans to make its entrance into the North American market later this year.
S.: I will be interviewing Liam Li, Sr. business director of BYD America, this weekend at the HYSTA conference.
Amateur hour maybe, yet it would be foolhardy for GM, Volkswagen and other foreign makers to ignore Chinese companies like BYD.
Instead, hundreds of thousands of entrepreneurial Chinese companies, just like BYD, are driving innovation in the country in industry after industry.
These taxis are being operated by Pengcheng Electric Taxi Company, a joint venture between BYD and the Shenzhen Bus Group (SBG).
In the vast and booming Chinese auto market now dominated by foreigners, a small Chinese company called BYD Auto is barely noticeable.
These include subsidiaries of Sinotruk, China Merchants, China Power International and BYD.
For one, the City of Shenzhen helps telecom-equipment maker Huawei, auto company BYD and their Pearl River Delta neighbors with their U.S. objectives.
Meanwhile, BYD and Chery lead the locals with roughly 5% each, and Geely is close on their heels with an almost 4% market share.
Buffett and Munger stand by their investment in electric car maker BYD in spite of, according to Reuters, product delays and declining sales.
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BYD, for example, is the world's largest maker of nickel-cadmium batteries, and India's Reliance Group makes more polyester fibre and yarn than anyone else.
Publicly traded in Hong Kong since 2002, BYD shares have doubled.
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