BYD Testing The EV Market In China
Clean Energy Intel BYD at the Central China High-Tech Fair, Shenzhen, November 2009. Source: Wikipedia / Brucke-Osteuropa. Over the course of the past few weeks we have seen a couple of noteworthy developments at Chinese auto maker BYD (BYDDF.PK). I have previously discussed the troubles at BYD, which by mid-September had taken the stock down 72% year to date. However, a couple of developments suggest that the Warren Buffet-backed automaker is at least worth keeping an eye on in the period ahead. In late October, the company opened its US ...
Two EVs for the Other 99%
Tom Konrad CFA The Tesla Model S, from the unveiling on 26-Mar-2009. (Photo credit: Wikipedia) An EV for the 1% The chatter among electric vehicle (EV) enthusiasts and investors is all about the launch of the Tesla (NASD:TSLA) model S. A cool ride, no doubt, but not many of us are ever going to buy a sedan that starts at $49,900, even after the $7,500 tax subsidy. Fortunately for the rest of us, this week also brought news about two much more affordable EVs. An EV for the 99% Chicago...
Geely Joins New Energy Buying Binge
Doug Young Chinese car makers are fueling a new global buying binge of clean-energy assets, with the latest word that Geely Automobile (HKEx: 175) is buying a British electric car startup. This is in addition to Geely announced a new joint venture to produce electric cars with Kandi Technologies (Nasdaq: KNDI). Geely’s deal comes just weeks after China’s Wanxiang Group completed its second major acquisition of a clean energy firm in the US, hinting at a growing wave of global M&A by tech-hungry Chinese car makers. This flurry of deals also comes as China’s leading electric vehicle (EV)...
