This time the goal is to BYD, and this is just the beginning.
Buffett said that can be used as BYD and the Chinese partners, the company is very excited. Wang Chuanfu, president of BYD are pleased to express the gratitude. 371786-001
Recently, in Hong Kong at a press conference, Buffett’s holding company, announced that China and the United States energy to 8 per share subscription price of HK BYD 225 million shares, accounting for its stake after the placement of 10%. The company will serve as Chairman of the pavilion dv1000 battery BYD’s non-executive directors.
Stealth champion on the road
“Life is like a snowball, the most important thing is to find a long and wet snow slope.” Buffett says he is doing.
In the United States in August on the CNBC host conducted an interview with Buffett, Buffett more than once referred to China, saying China’s economic prospects good, “I think China’s economy will not go wrong. From now on, 10 years , 20 years later, 08K8197 China and India is bound to rapid development. ”
In a lot of talk about China’s economic good, he also revealed that a single investment in China’s stock trading, Buffett said that pa3285u-1brs he had a Chinese bid for shares 500,000,000 U.S. dollars, but has not yet traded. In 2004, Buffett’s investment is 500,000,000 U.S. dollars to buy oil in a 3-year, he carried away 4,000,000,000 U.S. dollars.
A month later, the answers were revealed, BYD Buffett has become the latest wet snow.
BYD is why?
Buffett said that because of Wang Chuanfu have the unique ability to manage operations and good records BYD further explained that the choice for three reasons: First, BYD high-quality management team leadership; Second, a strong R & D capability and a1078 can be quickly developed into a product; three are widely Applies to all-electric cars, wind energy, solar energy, and other aspects of BYD’s fast charging technology.
Most people only know that BYD is a car, in fact, it is also the king of the world batteries. To become invisible in the championship on the road, BYD done entirely afford Buffett’s evaluation.
BYD was started in 1995, then left to the market, it is not a lot of opportunities. In products such as batteries, Japan in the 1990s is a rechargeable battery of td175 a superpower, not to mention the Chinese people at that time, the Americans, the French people but the Japanese do. Human Japan is very expensive, so by way of the development of automation, a large investment.
Wang Chuanfu own a key assembly equipment, production inspiron 9300 battery lines and then broken down into a number of individual workers to complete the process as much as possible in place of artificial machine. As a result, a significant cost advantage - the first production line BYD Nissan San Siqian a nickel-cadmium batteries pcga-bp2v , only spent 100 million yuan. During the same period, Japanese manufacturers of production lines, investment in RMB equivalent to at least tens of millions of dollars. At that time, a lithium-ion batteries sold abroad, 10 U.S. dollars, BYD sold 3 U.S. dollars.
In the next few years, Wang Chuanfu quick to seize the world’s nickel-cadmium g5266 battery market share of nearly 40%, BYD then replaced the Japanese companies, nickel-cadmium batteries into the sector “Big Brother”, BYD occupied for more than 70% The cell phone market and lay the foundation.
BYD’s other game is: to design and make up for absorption into the lack of such a strategy has been extended down.
In the auto industry, BYD will not do it from scratch a car, compared to the world’s leading platform to do, above board manner to imitate, who will have patent protection, such as the appearance of what the bypass will be over Protection of all useful techniques used. Automotive has developed more than 100 years, the patent has not expired, and the remaining patents is the appearance of a head-for-f3172a BYD, the end of a not-for-one on the patent, so there is no question of infringement. This is the F3 looks very much like a crown, but Toyota has not made BYD infringement lawsuit.
BYD has been a lot of vehicle design, cost even less than one-fourth of the others.
Wang Chuanfu management also has its own set of: “In the past, we only know how to control workers, engineers do not know how to organize themselves. pavilion zd7000 battery ’Made in China’ is also a great advantage in the future, the key is to make good use of China’s high-and low-level human resources personnel, so Most of their play. Workers, high-pressure, the combination of high efficiency can play an immediate role, but the structure of knowledge, values and self-esteem is a very strong set of engineers in this matter is used. It is only through the establishment of cultural identity So that they can follow your ideas. ”
Wang Chuanfu by the end of 2002 when the Department of preparations for the cause of many such promises: “If any one can do business turnover of 3.0 billion, net profit 500,000,000 yuan, from a BYD will be able to share in the split off a separate listing of team Will be a huge incentive options. “BYD Electronics is one example. 8m815
Wang Chuanfu pursued, is to “Made in China” to play to the advantage of the full, and China’s human resources for the seamless combination. As a result, since its inception in 1995, a year in IT to maintain electronic components are 100% growth rate. Automotive industry groups have been maintaining a 100% growth rate.
Buffett has concluded: “Chinese people will do better because they are relatively low starting point. In the past 20 years, they learned a lot of business, as well as how the essence of human intelligence, although those in the United States as early as On the master. The key is that g5345the Chinese people to learn the speed is very, very fast. ”
Rule the roost in the world dream
Dragged down by rising costs of raw materials, BYD in the first half of 2008 net profit year-on-year reduction of 7% to 596,000,000 yuan. As the global economy as a whole and the slowdown in demand for power tools market, BYD was the largest source of nickel battery product sales also fell by 15% year-on-year. At the same time, BYD’s auto business well in the first half of 2008, subject to the same period last year sales rose 94 percent driven by the business division’s turnover increased 71% year-on-year. FRU02K6528,FRU02K6904,FRU02K7016,FRU02K7018,FRU12P4064,FRU92P0998,FRU92P1002,FRU92P1078,FRU92P1143,FRU92P1145,FRU92P1147,
It is clear that the emphasis is BYD business to car.
Wang Chuanfu in accordance with the idea, in 2003 -2005, BYD is a foundation, build a platform stage that this step has been completed; 2006 -2008 is in a product, snatching share of the stage, this step is being achieved; 2009 — 2011 is the use of new technology to do China’s automobile industry leader.
Wang Chuanfu said that 2020 will be the world’s electric vehicles, electric vehicles BYD has mastered the core technology. BYD new energy F6 dual-mode vehicle for electric vehicles - F6DM will be in volume production in the second half of 2008, will be launched in mid-2009 pure electric cars. Dual-mode electric vehicles Wang Chuanfu was likened to “conventional weapons”, is a pure electric vehicle, he clutched the hands of a “nuclear weapons”, BYD will be lead by virtue of technology before other people and have a “release.”
Wang Chuanfu explained: “We are in the field of manufacturing batteries is the world’s top foreigners do not, we have done. The reason why the international electric vehicle failed to achieve any breakthrough, because the battery is experiencing high temperature above 150 ℃ will be an explosion. However, we have developed iron battery, capacity, efforts are very strong, but will not fire into the bombing. At the same time, is also in charge of technical breakthrough. Electrical car did not, portable charger can be used at home or Charge in the parking lot, just 10 minutes on the battery can be filled. You think about a price of less than 150,000 yuan, a necessary and sufficient power to run 400 km, 100 km of electricity consumption, only 15 of the listing vehicle, is it not In the international automobile market on the atomic bomb explosion? ”
“I believe that this product can change the world auto industry’s structure, or even to play down international oil prices! But also in the era of electric cars, engines and transmissions will be a thing of the past time.” Wang Chuanfu the future with hope.
It is understood that BYD is currently the national power grid and Southern Power Grid, as well as on the power station construction projects to communicate. BYD Co., Ltd., general manager of auto sales this summer ice explained: “The electric vehicle market in the early, as the cost of the relationship between the price will be higher. BYD is indeed present in the State Power Grid and Southern Power Grid to discuss co-operation to enable BYD related to the future of free or low-cost model for charging, to reduce the use of cost-DM model. BYD is also out of a long-term strategic considerations, in the hope that the DM project to find new partners. ” VAIO PCG-R505AGT,VAIO PCG-R505AK,VAIO PCG-R505B/P,VAIO PCG-R505BF,VAIO PCG-R505BW,VAIO PCG-R505CT,VAIO PCG-R505D,VAIO PCG-R505DF,VAIO PCG-R505DFK,VAIO PCG-R505DFP,VAIO PCG-R505DL,VAIO PCG-R505DLK,VAIO PCG-R505DLP,VAIO PCG-R505DS,VAIO PCG-R505DSK,VAIO PCG-R505DSP,VAIO PCG-R505DT,VAIO PCG-R505DX,VAIO PCG-R505E,VAIO PCG-R505EC,VAIO PCG-R505ECK,VAIO PCG-R505ECP,VAIO PCG-R505EL,VAIO PCG-R505ELK,VAIO PCG-R505ES,VAIO PCG-R505ESK,VAIO PCG-R505ESP,VAIO PCG-R505EX,VAIO PCG-R505F/BD,VAIO PCG-R505F/SP,VAIO PCG-R505FR,VAIO PCG-R505FR/D,VAIO PCG-R505G,VAIO PCG-R505GC,VAIO PCG-R505GCK,VAIO PCG-R505GCP,VAIO PCG-R505GK,VAIO PCG-R505GL,VAIO PCG-R505GLK,VAIO PCG-R505J/BD,VAIO PCG-R505JE,VAIO PCG-R505JEK,VAIO PCG-R505JL,VAIO PCG-R505JS,VAIO PCG-R505K,VAIO PCG-R505MF,VAIO PCG-R505MGH,VAIO PCG-R505MP,VAIO PCG-R505MXC,VAIO PCG-R505Q/B,VAIO PCG-R505Q/BD,VAIO PCG-R505R,VAIO PCG-R505R/AK,VAIO PCG-R505R/DK,VAIO PCG-R505R/GK,VAIO PCG-R505R/K,VAIO PCG-R505S/PS,VAIO PCG-R505SP,VAIO PCG-R505TE,VAIO PCG-R505TEK,VAIO PCG-R505TF,VAIO PCG-R505TFP,VAIO PCG-R505TL,VAIO PCG-R505TLK,VAIO PCG-R505TS,VAIO PCG-R505TSK,VAIO PCG-R505TXCP,VAIO PCG-R505TZCP,VAIO PCG-R505V/BD,VAIO PCG-R505VJ/K,VAIO PCG-R505VM/K,VAIO PCG-R505VM/P,VAIO PCG-R505W/P,VAIO PCG-R505W/PD,VAIO PCG-R505X/P,VAIO PCG-R505X/PD,VAIO PCG-R600,VAIO PCG-R600HFPD,VAIO PCG-R600HMKD,VAIO PCG-SR,VAIO PCG-SR1/BP,VAIO PCG-SR11K,VAIO PCG-SR17,VAIO PCG-SR17D,VAIO PCG-SR17K,VAIO PCG-SR19G,VAIO PCG-SR19GT,VAIO PCG-SR1C/BP,VAIO PCG-SR1G/BP,VAIO PCG-SR1K,VAIO PCG-SR1M
At the same time, but he acknowledged that BYD and State Grid, China Southern Power Grid of the relevant contact, no substantive progress.
In addition, the current domestic market DM models, will be part of the policy limit, in order to promote a large area are still difficult.
Wang Chuanfu would like to doze off when due, Buffett gave up the pillow.
Wang Chuanfu excited that Buffett’s investment company will have a major impact on the promotion of the brand, you can speed up the electric vehicle research and development and promotion, particularly in the North American market. He further explained that: “BYD itself very much like to find a long-term strategic partners, particularly in the United States. Commercialization of electric vehicles has always been our dream. In North America, relying on Buffett and his companies Reputation, together with China and the United States with the help of energy, BYD can more quickly realize this dream. “He also said that China and the United States energy in a wide range of U.S. energy networks and power distribution network can help BYD in the future of electric vehicles in the United States Charging station facilities.
Wang Chuanfu said: “BYD will be the new energy vehicle in North America and Europe as a stepping stone market. We welcome Mr. Buffett is also an important investment in one of the reasons why he can to speed up investment in North America BYD new energy vehicles Promotion. F3DM we will be dual-mode hybrid power cars and pure electric cars to enter the European market, plans to test in 2010, officially launched in 2011, and in the United States and market development to keep pace. ”
Wang Chuanfu Buffett is the real reason to welcome, not just those 230,000,000 U.S. dollars. Wang Chuanfu said that the Sino-US energy put forward by the beginning of a greater amount of investment by Buffett’s is 500,000,000 U.S. dollars, “but we take into account the company’s capital needs and development, ultimately we have to respect the requirements”, formed 8 Hong Kong dollar per share to purchase 225 million shares BYD shares of the final plan.
“Do not hesitate to say that China’s labor advantage is not as developed countries, and we do the battery, start with the human costs of Japan beat the opponent. Do cars, or take advantage of our human defeat competitors. Because of the car Process the vast majority of people still do.’s Hard work and hard-working Chinese people, our decision is bound to become the first in the world. “Wang Chuanfu very confident.
“2015 sales of 1,440,000, becoming the first Chinese passenger car sales market”, “2025 sales 13,360,000, as the world’s first passenger car sales market,” … … 2025, to go beyond the BYD Toyota, one of the world’s largest car manufacturer, and this is the dream of BYD.
Buffett’s investment will accelerate the realization of this dream it?,02K6627,02K6632,02K6633,02K6644,02K6645,02K6647,02K6648,02K6649,02K6651,02K6653,02K6687,02K6690,02K6691,02K6710,02K6740,02K6741,02K6743,02K6758,02K6760,02k6762,02k6763,02K6821,02K6822,02K6823,02K6824,02K6825,02K6829,02K6830,02K6832,02K6845,02K6846,02K6919,02K6923,02K6924,02K6928,02K7016,02K7018,02K7022,02K7025,02K7026,02K7028,02K7034,02K7037,02K7038,02K7039,02K7040,02K7050,02K7051,02K7052,02K7053,02K7054,02K7055,02K7056,02K7057,02K7058,02K7059,02K7060,02K7061,02K7072,02K7073,08K8024,08K8026,08K8035,08K8036,08K8039,08K8040,08K8045,08K8048,08K8182,08K8183,08K8184,08K8185,08K8186,08K8192,08K8193,08K8195