BYD’s net profit in the first quarter fell by around 85 per cent year-on-year from 749.7 million yuan to 112.6 million yuan (almost 14.6 million euros). Revenues in the first quarter fell by 35 per cent to 19.68 billion yuan.
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BYD and Toyota’s commercial vehicle subsidiary Hino Motors have signed a strategic cooperation agreement in the field of electric vehicles. The agreement initially provides for the joint development of BEV commercial vehicles and will later extend to other areas such as sales.
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The market for new energy vehicles in China is recovering from the effects of the Coronavirus: Chinese vehicle-making giant BYD sold 337.25% more electric vehicles and plug-in hybrids in March than in the extraordinarily weak month of February.
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Toyota and BYD have completed the formation of their announced joint venture to jointly develop BEVs and their batteries. The joint venture, called BYD Toyota EV Technology (BTET), is based in Shenzhen and is scheduled to start operations in May.
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The Chinese electric car and battery manufacturer BYD has published its preliminary results for the 2019 fiscal year. At just under 121.8 billion yuan, sales were on a par with the previous year, but profits slumped by 42 per cent to around 1.6 billion yuan.
Weiterlesen BYD will be offering electric car components to third parties in order to diversify their income sources in the face of dwindling demand for cars. The components business is to be conducted through the recently founded sub-brand FinDreams.
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BYD revealed the ‘blade battery’ after years in development. The novel LFP battery should have a higher energy density and significantly improved safety.
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After BYD had recently turned into one of the biggest makers of medical face masks and disinfections in China, Tesla, General Motors and Ford now offered to convert their production in the USA to manufacture urgently needed medical equipment such as respirators.
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In order to stimulate the weakening sales of electric cars and plug-in hybrids, four Chinese cities are now temporarily offering their own purchase premiums for electrified vehicles produced in China by certain manufacturers.
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Stagecoach Manchester has launched 32 all-electric double-decker buses, the first to arrive in the Greater Manchester area. The fleet will serve the 111 and 43 routes connecting Manchester city centre and the airport as well as five hospitals and three universities.
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First carmakers announce closures of factories in Europe due to the Coronavirus crisis unfolding on the continent. PSA will lockdown all vehicle production plants in Europe by 27 March and the French carmaker is not the only one.
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To help combat the spread of Covid-19, BYD says it is now among the world’s largest manufacturers of medical face masks and disinfectants after retooling a plant in China. Meanwhile, the British government is asking carmakers to turn to make respirators.
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On the occasion of its tenth anniversary as a manufacturer of forklifts running on lithium iron phosphate batteries, BYD has presented an innovation in this field: Their new dual charging system. They are also launching the new generation of their PTP20P pallet truck.
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BYD has received another order from South America. Public transport provider Transcarsell from Ecuador has ordered 20 electric trucks from BYD for delivery by 2021, the first of which is scheduled for August 2020.
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In an update on the dispute between BYD and Indianapolis, it seems that now – because BYD’s very popular buses did not provide the promised range – IndyGo has ordered 13 diesel buses elsewhere and cancelled an order placed with BYD in December 2019 for five more electric buses.
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In 2019, the worldwide stock of passenger cars and light commercial vehicles with battery-electric drives or with range extenders, as well as plug-in hybrid drives has increased to around 7.9 million, 2.3 million more than a year ago.
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The city of Los Angeles will receive the first of a total of 155 electric buses to be delivered over the next two years starting in March. The procurement is part of the Californian city’s plan to fully electrify its bus fleet by the start of the 2028 Summer Olympics.
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The electric vehicle sales of the Chinese manufacturers BYD, BAIC BJEV and Nio declined sharply in January. The main reasons for this were the few business days in January due to the comparatively early New Year holidays and the outbreak of the coronavirus.
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Wiltshire-based bus operator Salisbury Reds has put into service its first all-electric buses, three single decks from BYD-ADL. The total investment of £1.2M has been subsidised with £600,000 government funding following a successful submission by Wiltshire Council.
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Public transit operator GTT in Turin is tendering the procurement of 100 electric buses. The total contract value is 72 million euros, including 10-year service and battery replacement. Tenders must be submitted by 2 April 2020.
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With record sales of 367,000 passenger cars in 2019, Tesla has increased its deliveries by 50% and thus became by far the strongest selling electric car manufacturer in the past year, ahead of the Chinese manufacturer BYD with 219,000 new energy vehicles.
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BYD is delivering ten electric buses to the Toronto Transit Commission (TTC). The e-buses for Canada’s largest city will come from BYD’s local assembly plant opened in mid-2019 in Newmarket near Toronto.
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Alexander Dennis Limited (ADL) and BYD Europe have announced the delivery of 11 zero-emission battery-electric buses to Go-Ahead London.
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BYD has released the first pictures of its new sedan Han, which will be offered as both BEV and PHEV and will debut at the Beijing Auto Show in April. The market launch is scheduled for June.
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Indonesia’s largest taxi operator, Blue Bird, has ordered 200 electric vans from BYD. 150 of the seven-seater EVs of type T3 will be used in Jakarta, the remaining 50 in Bali.
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BYD has received its largest single order ever for electric buses from Europe. Keolis Nederland has ordered 259 battery-electric buses from the Chinese manufacturer to be delivered from summer 2020. This is based on a new ten-year operating concession recently granted to Keolis.
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BYD plans to increase the production capacity for electric buses in India from currently 2,000 to 5,000 per year in cooperation with their partner Olectra. In addition, the order books for the T3 electric delivery van in India are to be opened soon.
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The Chinese Ministry of Industry has recently added Tesla’s locally manufactured Model 3 to its approved subsidy list. This suggests that the sale of the models in China would soon start.
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In Germany, Flixbus has closed the country’s first electric long-distance bus connection between Frankfurt am Main and Mannheim – due to ongoing problems with the BYD buses and/or their batteries.
Weiterlesen BYD has received a major order from India. Eto Motors, an electric fleet operator, is initially ordering 50 units of the T3 BYD transporter. But this is just the beginning – Eto has further plans for other BYD vehicles over the next year.
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