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2010 First Quarter Results in – who are the big winners in Q1?
The biggest winner is arguably BYD, who saw a 100% increase in sales from last year. It seems like their sales goal of 800,000 cars this year, up from 400,000 in 2009 is shaping up to be pretty realistic.
And if they eventually come to dominate the Chinese market, their goal of becoming world’s largest automaker by 2025 all of a sudden doesn’t appear to be so ridiculous
china being no. 1 market is purely a population statistic figure, and in that case china is no. 1 or the biggest in numerous category, but has no direct association with being the highest quality. just because a company is focusing on the no. 1 market doesn’t necessarily mean the product is of latest innovation. in other words just because china is no. 1 market doesn’t mean that Chinese market necessarily is a hot spot to foster the latest technology, standards or innovation. whether that is the case only time can tell.
I would say BYD’s stratege is to lower the price of F3 to below RMB 50000 and attract the first time buyers in the small towns and villages. While G3 will replace F3 in the big cities, the same game will continue with the “new” L3. You can tell the same story with F6 and I6. For F0 this game will not work as there no market for an upgraded F0 like G3, L3, I6.If you are talking about internal combustion engine based vehicles, I am regret to tell you that your dream will never come true.
Even if you are talking about pure electric powered vehicles, BYD will not be world number one as the “ferrous battery” claimed by BYD is under patent dispute world-wide. There is not a single chance unless BYD can come up with an original battery and up to the specifications that BYD always promote to the public.
When I am going to wake up? (3)New battery technology to meet real world demands (heating in winter, cooling in summer, climbing ability ….)
Take a look at past record of BYD, F3DM failed to get popular as promised. Even at half the price of Prius, there is no match in terms of sales. For E6, only a fleet of 10 taxi running in Shenzhen for long term field test. E6 is not availble to the public as promoted. The “ferrous battery” issue is just a propaganda, BYD has admitted it is just another litheum-ion battery where its technology is under patent dispute. I am not saying BYD will not continue to make the “ferrous battery” but the profit gained will be shared by the patent holder.
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