Page 166 - Byd News Today

By selling battery-powered S.U.V.s and luxury sedans in places like Germany and Norway, China is striving to become a force in the global auto industry.

By Ben Otto Chinese auto maker BYD Co. reported a 27.5% decline in net profit in the third quarter, alongside a jump in operating income. The Shenzhen-based electric-vehicle and battery... | October 29, 2021

BYD plans to sell new shares in a Hong Kong follow-on offering in a range of HK$273.5 to HK$279.5 each.

Tesla recently reached the $1 trillion market cap. In our search for solid explanations why, it would be natural for the company to lead all rankings evaluating EV companies. After all, bull analysts try to justify the valuation with the leading role Tesla may have in five to ten years in the EV market. But that’s not what a Chinese survey shows.

Think u.s. and china are competitors. were never enemy. two countries fight for some political reason, but it should not impact business. >> now chinese companies like b.y.d. are under the microscope. last year in the name of national defense congress prohibited who can purchase from chinese companies like b.y.d. and how. >> these companies have the unfair advantage of the financial support of the chinese government. >> theyre also capable of spying on passengers and our infrastructure network. ...

But the tables are turning. >> the longer-term almost existential challenge is going to be china. it just is. >> were in competition with china and other countries to win the 21st century. >> but what if instead of fearing each other competing nations tried collaboration? on the edge of the mohave desert is lancaster, california. in 2013 the unemployment rate here was 12%. and a chinese company called b.y.d. short the build your dreams bought an old motor home factory and revitalized it. today i...

Inc incarcerated. you give them on opportunity to work here. >> yes. if you want to work hard, if you want to change your life, heres the job for you. >> 36-year-old danny doesnt look like your typical department lead. >> grew up on the streets. pretty rough lifestyle. from juvenile hall to county jail to prison. >> whats the longest youve spent in prison? >> at one time probably four years. >> prison had a revolving door, and danny would enter it again and again. >> get out for like a month or ...

Prove to lawmakers theyre here to do good, the ban on bus sales will go into effect later this year. is it possible you might have to close down operations because of whats going on politically? >> thats my biggest concern. >> i want to see b.y.d. succeed because they have created so many opportunities for people just like myself to completely change their life. and not only that but were building electric buses that are impacting the world for the positive. thats good, right? >> vincent chins d...

>> ceo stella lee, a 22-year veteran of b.y.d. heads up the lancaster plant. >> each station we have five to six people. california is the pioneer state in the world to push green initiative, and the housing cost is low. everybody on the production line, they can afford a house. lancaster is the place they can achieve this dream. >> though b.y.d. brought in chinese management most of the team is now made up of locals. and after agreeing to work with the unions, b.y.d. began training anyone that ...

The firms informed Apple sometime in the past two months that they were not able to meet its requirements, the people said. But the U.S. company has not given up hope of resuming talks with either CATL or BYD, according to one source.