From King battery to the auto magnate , how to make it successful ?

Six years later, in the battery industry to break the monopoly of Japanese brands, BYD chairman Wang, in the automotive industry is no longer the "primary". As a continuous growth of the fastest-brand cars, BYD is in IT components and the battery industry to create brilliant transferred to the automotive sector, followed by huge profits become BYD re-development of a strong power.

Consecutive six-year rate of increase doubled, according to the of BYD latest release of sales statistics, November 2009, total sales of BYD's cars reached 50,650, an increase of 132.6%, representing an increase of 8.6 percent in October. In 2009 the first 11 months, BYD's cumulative sales of 386,142, a growth rate of 137 percent from a year earlier, much higher than the overall increase of China's auto market.

So far, BYD to complete the sales target of 400 000, enacted in early 2009 will be no suspense at the same time, Wang led BYD will also become the sixth consecutive year sales growth of over 100% business. BYD shares according to early 2009 Limited (01211.HK) Annual Report to data released by the year 2008, BYD turnover of 26.788 billion yuan, an increase of 26%. The composition of the the BYD various business turnover in 2008, car sales of nearly 8.65 billion yuan, an increase of 77%, the proportion of the total turnover increased to 32 percent from 23 percent in 2007.

BYD announced sales data in November 2009, BYD F3 sales performance of 31 986 to continue to hold onto the 30,000 mark, while the F0 sales remained steady at a million or more. Sales structure F3 and F0, Wang has launched a plan to upgrade the existing model structure. During the 2009 Guangzhou Motor Show, the traditional camp the BYD booth following the F3, F6 Review Photo Forum] and F0, coupe BYD the S8, the intermediate high-end sedan G8 and BYD first MPV [synthesis Photo Forum] models G6, Review Photo Forum] also appeared. Insiders predicted by the weak impact of the power tool market in the global financial crisis, in view of the rapid development of automobile business, BYD car business by 2009 the proportion of turnover business will continue to increase with IT products, components and battery in the field together constitute the industrial structure, the car has become the most important development in the center of gravity of Wang.

Electric cars ready to go, success is only a prelude to Wang greater "ambition" in the field of traditional fuel powered vehicles. It is said that in the process of development and promotion of new energy vehicles, BYD investment funds have been more than several hundred million dollars, which is part of the initial investment from the profits obtained in traditional fuel vehicle market, BYD.


source: thirdshopping.com