China’s Electric Car Push Causes Green Car Maker BYD’s Shares To Soar

29 мая 2014 | Author: | Комментарии к записи China’s Electric Car Push Causes Green Car Maker BYD’s Shares To Soar отключены
BYD e6 Electric Cars

China’s Electric Car Push Green Car Maker BYD’s To Soar

By Fang Yan and Alison

BEIJING/HONG KONG (Reuters) China is pushing ahead efforts to encourage the development of vehicles in the world’s largest market, boosting shares of green car maker BYD Co Ltd, is backed by U.S. billionaire Buffett, to their best gain in 3 years.

But whether green initiatives, including potential buyers in Beijing and to get electric cars without through license plate or lotteries, will boost of BYD’s e6 electric car remains a big industry observers say.

There is a big gap between stock reaction or expectation and demand in the world, said Yale president of consultancy Automotive (Shanghai) Co. Ltd.

In the stock they can push up shares on but you won’t see a lot of electric cars on the unless they are reliable, convenient to use and not too expensive.

Regulators in including the National Development and Commission, issued a joint late last week, for its 25 pilot cities to draw up to push EV sales which include installing charging and charging spots at individual neighborhoods, among others.

Strong demand for cars be released if potential buyers who did not a license to buy a car were able to electric cars, said Securities analyst Jeff


Hong shares of BYD rose more 26 percent on Monday.

A tiny car and auto parts maker Kinetic Group Ltd, by exiled Chinese tycoon Rong, also saw it shares 29 percent, despite skepticism on the largely untested technology, on car batteries.

Still, BYD shares are down 50 percent from the end of 2010 of the company’s poor auto and earnings.

Shares of Hybrid which planned to produce clean-technology auto parts in to allow local car makers to green vehicles at conventional car has also lost about of their value this compared with a 15 percent on the broader market.

BYD e6 Electric Cars

The upside for BYD should be limited, Daiwa’s Chung, adding BYD’s e-6 electric car would for about 2 percent of the company’s capacity next year.

policy would favor the of electric cars, but the real in sales would not start late 2012 or 2013, he

Beijing has declared the electric industry a top priority, earmarking billion a year for the next 10 to transform the country into one of the producers of clean vehicles.

It also handpicked 25 cities, Beijing, Shanghai, Shenzhen and to lead the migration to green

But, so far, customers unimpressed by the high cost and journey range of the vehicles and a of charging infrastructure.

In Shanghai, a metropolis with more 20 million people, there are 10 registered electric cars, the number in Hangzhou is only higher at 25, according to China News.

(Editing by Chris and Muralikumar Anantharaman)

BYD e6 Electric Cars
BYD e6 Electric Cars
BYD e6 Electric Cars
BYD e6 Electric Cars

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