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Saturday, October 17, 2009

TRADING MARKETS: BYD Auto Sep Car Sales Up 88%

Fri. October 16, 2009; Posted: 08:18 AM

SHENZHEN, Oct 16, 2009 (SinoCast Daily Business Beat via COMTEX) -- BYDDF | Quote | Chart | News | PowerRating -- BYD Auto, which is under the aegis of BYD Co. Ltd. (SEHK: 1211), sold 44,000 vehicles in September 2009, soaring 88% from a year ago and hitting a record high since its establishment in 2003.

In particular, two car models of the company, the BYD F3 and F0 separately exceeded 10,000 in terms of total sales volume, and up to 5,709 units of the F6 were sold last month. Meanwhile, total sales volume of the BYD F3R, which hit the market just one month ago, approached 5,000.

In the first nine months, the private automaker aggregately sold nearly 300,000 cars, accounting for 75% of its sales plan for the entire 2009, and the figure was 50% higher than that in the full year 2008. Based on a fast growth and the further production capacity, it is expected to achieve the 2009 sales goal of 400,000 vehicles.

BYD Auto is scheduled to launch four new car models, including the G3, M6, S6, and L3, from October to December. Presently, it is actively preparing for test of the pure EV (electric vehicle) e6, and the commercialization will likely be completed before this yearend.

Source: www.cnstock.com (October 16, 2009)

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