PDA

View Full Version : Anyone know one of the 20 Dealers waiting to get a BYD Dealership?

XDCX
08-25-2011, 12:42 PM
I received a PM from one of our members who was wondering if anyone knew one of the 20 Dealers in the U.S. who are waiting to get a BYD franchise?

For those who may not be up to speed, BYD is a Chinese automaker that's planning to launch an electric vehicle in the U.S. in 2012.

Here's a link to an article the appeared in Automotive News - click here (http://www.autonews.com/apps/pbcs.dll/article?AID=/20110822/RETAIL07/308229976/1131) (Subscription may be required.)
XDCX
08-25-2011, 12:48 PM
Here's a picture of the BYD e6 Crossover:


http://i54.tinypic.com/35d5njl.jpg


I think it looks pretty good. If the pricing is right and the vehicle performs as good as it looks there should be a market for this car in the U.S.
57years
08-25-2011, 02:10 PM
I rode in their car at the Detroit Auto show. Much better Fit and Finish than the Volt, and was all electric. I still think that price is the problem, not the number of recharge stations. (Although, I think the number of hills in the U.S. may also be an "obstiacle"!)
XDCX
08-26-2011, 10:23 AM
I rode in their car at the Detroit Auto show. Much better Fit and Finish than the Volt, and was all electric. I still think that price is the problem, not the number of recharge stations. (Although, I think the number of hills in the U.S. may also be an "obstiacle"!)

I did some surfing on the Internet last night and learned that BYD is the Chinese Auto Company that Warren Buffett invested in a few years back.

There were also some reports that BYD over-produced vehicles last year because of an overly aggressive growth forecast and then forced their dealers to take inventory they didn't want. That sure sounds familiar.... :rolleyes:
57years
08-26-2011, 10:26 AM
Buffet made a "billion" in unrealized gains, then BYD started to "retract." He's still ahead, and now rumors to he might have to buy the rest of the company.
57years
08-30-2011, 02:55 PM
BYD laying off 70% of its corporate sales force in China. Sales off 19% from a lousy year last year. One Wonders! Buffet's unrealized gain is less than $250 million today!
XDCX
09-14-2011, 11:31 AM
Here's an article I found via Google News that recaps the rise and fall of BYD Auto - click here (http://www.chinacartimes.com/2011/09/14/what-went-wrong-byd/)

Essentially the story is too much growth too fast and now the question is how does the company recover. The author of the report feels BYD can turn the company around but it will involve product delays.