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Is China's BYD AUTO the next Hyundai in the making?
A decade ago when an unknown auto brand called Hyundai started expanding their presence in international market, it was perceived as a cheap Korean car with not a strong mechanical backbone. Now let's turn to the current age and Hyundai is a very strong power house with sales increasing very sharply in most of it's market, now it's known as a company which churns out a pure VFM products. most of the american auto companies are threatened by Hyundai's latest success in the US market.
Now coming to the heart of this topic.
China is the The largest market for cars in the world, So How many of us have heard of a auto company in china called BYD(Build your dreams)
I know the name sound's very cheesy.
Let me take you through the company:
History:
BYD Co Ltd created the wholly owned subsidiary BYD Auto a year after its 2002 acquisition of the Qinchuan Automobile Company.This purchase may have been made solely to acquire the passenger car production license held by the purchased company.While the Chinese state is credited with development of an indigenous auto industry,BYD Auto may have been created in the absence of a State policy explicitly supporting independently owned automobile manufacturers.
In 2008 BYD Auto began selling its first mass-produced, full hybrid vehicle, the BYD F3DM.China subsidizes oil (an incentive for the State to encourage use and manufacture of electric cars), and Chinese automakers see opportunities in less mature electric vehicles because Western companies have yet to develop much of a lead in the technology.In late December 2008 Warren Buffet spent $230 million buying up a 10% stake in BYD Auto's parent, BYD Company.In 2009 the company sold 448,400 cars in China, and two-thirds of sales were its BYD F3 model. That same year saw BYD exports its cars to Africa, South America and the Middle East.
A future joint venture with Daimler AG, Shenzhen BYD Daimler New Technology Company, will focus on EV development and upmarket, BYD-branded sedans.As of March 2011 the new company has received a business license from the Chinese State and BYD, contractual agreement from its German partner.
Copying claims
BYD, like many other private Chinese car manufacturers, has been accused of copying its vehicle designs from other companies. A staff member at Honda claimed that the BYD F3 was "a known copy" of the Toyota Corolla (with Honda Fit design cue, the BYD F1, has been described as "a clear copy" this time of the Toyota Aygo.
Domestic dealerships have been known to take advantage of this and replace the badging of BYD vehicles with those of other car manufacturers including Toyota. Micheal Austin, vice president of BYD America, has acknowledged the issue saying that the practices of some franchised dealers have made BYD "uncomfortable".
Sales outside China
While the majority of sales are domestic, some models are exported to other developing countries: BYD cars are sold in Bahrain by Fakhro Motors, BYDs are distributed in the Dominican Republic by Peravia Motors (3,000 cars serve as taxis in the capital, Santo Domingo), a Russian company, TagAZ, assembles BYD models in Russia, and BYDs are offered in Ukraine as well as Moldova.
The company has also expressed a desire to enter the European and Israeli markets and hopes to sell vehicles in the United States, too.Its US headquarters is set to be located in LA and BYD plans to start selling an electric car, the e6, there in 2012.
Today when i was browsing through some of the chinese website's i came across the launch event of the BYD's latest baby.
BYD’s new compact sedan came down the production lines in their Changsha factory yesterday. The production launch of this sedan comes at a critical time for BYD as they move from being well known for their cheap cloned cars, into a company capable of developing high end technology with equally high end services.
BYD’s “i-BYD” system was unveiled at long last yesterday, the much talked about system will offer drivers multiple services when it pops out of the dashboard when the drivers side door opens. The “i-BYD” robot allows drivers to remotely find their car via cellphone (a much needed feature!), allows drivers to unlock or lock their car remotely, switch on the AC from their phone or key fob and if you really want to know the latest news, the robot can read off the headlines as you drive. Think the robot is a little unsettling? Don’t worry, it also has emotions and can speak – making human-machine interaction possible.
The ’6B’ hasn’t yet been given its official name, but its likely to use the F3 Plus moniker that was bestowed upon it at the Beijing Auto Show last month. Under the hood, the 6B isn’t the BYD you know – it’s carrying a 1.5T engine capable of propelling the heavier hybrid version from 0-100kph in sub 8 seconds, this non hybrid version could well be closer to 7 seconds.
Gear swapping responsibilities are given to a six speed manual or a dual clutch gearbox, again, both developed by BYD in-house, which shows a great commitment to BYD’s technological capabilities.
BYD’s Changsha facility is going to be a major production site for the company in the next few years, the facility is already geared up to produce the BYD ’6B’ and F0 mini car but will also produce BYD’s MPV range including the M6 and also 1500 electric buses per year, total production is expected to hit 50,000 units.
Is this the sign of times changing? Do you think that the Chinese are more proactive than our Indian Auto maker's?
Please feel free to express your opinion.
A decade ago when an unknown auto brand called Hyundai started expanding their presence in international market, it was perceived as a cheap Korean car with not a strong mechanical backbone. Now let's turn to the current age and Hyundai is a very strong power house with sales increasing very sharply in most of it's market, now it's known as a company which churns out a pure VFM products. most of the american auto companies are threatened by Hyundai's latest success in the US market.
Now coming to the heart of this topic.
China is the The largest market for cars in the world, So How many of us have heard of a auto company in china called BYD(Build your dreams)
I know the name sound's very cheesy.
Let me take you through the company:
History:
BYD Co Ltd created the wholly owned subsidiary BYD Auto a year after its 2002 acquisition of the Qinchuan Automobile Company.This purchase may have been made solely to acquire the passenger car production license held by the purchased company.While the Chinese state is credited with development of an indigenous auto industry,BYD Auto may have been created in the absence of a State policy explicitly supporting independently owned automobile manufacturers.
In 2008 BYD Auto began selling its first mass-produced, full hybrid vehicle, the BYD F3DM.China subsidizes oil (an incentive for the State to encourage use and manufacture of electric cars), and Chinese automakers see opportunities in less mature electric vehicles because Western companies have yet to develop much of a lead in the technology.In late December 2008 Warren Buffet spent $230 million buying up a 10% stake in BYD Auto's parent, BYD Company.In 2009 the company sold 448,400 cars in China, and two-thirds of sales were its BYD F3 model. That same year saw BYD exports its cars to Africa, South America and the Middle East.
A future joint venture with Daimler AG, Shenzhen BYD Daimler New Technology Company, will focus on EV development and upmarket, BYD-branded sedans.As of March 2011 the new company has received a business license from the Chinese State and BYD, contractual agreement from its German partner.
Copying claims
BYD, like many other private Chinese car manufacturers, has been accused of copying its vehicle designs from other companies. A staff member at Honda claimed that the BYD F3 was "a known copy" of the Toyota Corolla (with Honda Fit design cue, the BYD F1, has been described as "a clear copy" this time of the Toyota Aygo.
Domestic dealerships have been known to take advantage of this and replace the badging of BYD vehicles with those of other car manufacturers including Toyota. Micheal Austin, vice president of BYD America, has acknowledged the issue saying that the practices of some franchised dealers have made BYD "uncomfortable".
Sales outside China
While the majority of sales are domestic, some models are exported to other developing countries: BYD cars are sold in Bahrain by Fakhro Motors, BYDs are distributed in the Dominican Republic by Peravia Motors (3,000 cars serve as taxis in the capital, Santo Domingo), a Russian company, TagAZ, assembles BYD models in Russia, and BYDs are offered in Ukraine as well as Moldova.
The company has also expressed a desire to enter the European and Israeli markets and hopes to sell vehicles in the United States, too.Its US headquarters is set to be located in LA and BYD plans to start selling an electric car, the e6, there in 2012.
Today when i was browsing through some of the chinese website's i came across the launch event of the BYD's latest baby.
BYD’s new compact sedan came down the production lines in their Changsha factory yesterday. The production launch of this sedan comes at a critical time for BYD as they move from being well known for their cheap cloned cars, into a company capable of developing high end technology with equally high end services.
BYD’s “i-BYD” system was unveiled at long last yesterday, the much talked about system will offer drivers multiple services when it pops out of the dashboard when the drivers side door opens. The “i-BYD” robot allows drivers to remotely find their car via cellphone (a much needed feature!), allows drivers to unlock or lock their car remotely, switch on the AC from their phone or key fob and if you really want to know the latest news, the robot can read off the headlines as you drive. Think the robot is a little unsettling? Don’t worry, it also has emotions and can speak – making human-machine interaction possible.
The ’6B’ hasn’t yet been given its official name, but its likely to use the F3 Plus moniker that was bestowed upon it at the Beijing Auto Show last month. Under the hood, the 6B isn’t the BYD you know – it’s carrying a 1.5T engine capable of propelling the heavier hybrid version from 0-100kph in sub 8 seconds, this non hybrid version could well be closer to 7 seconds.
Gear swapping responsibilities are given to a six speed manual or a dual clutch gearbox, again, both developed by BYD in-house, which shows a great commitment to BYD’s technological capabilities.
BYD’s Changsha facility is going to be a major production site for the company in the next few years, the facility is already geared up to produce the BYD ’6B’ and F0 mini car but will also produce BYD’s MPV range including the M6 and also 1500 electric buses per year, total production is expected to hit 50,000 units.
Is this the sign of times changing? Do you think that the Chinese are more proactive than our Indian Auto maker's?
Please feel free to express your opinion.
