Build Your Dreams’ Nightmarish First Quarter

Chinese battery and car maker BYD (Build Your Dreams) said its profit for the first quarter of the year fell as much as 90 percent as its two biggest businesses were harmed by China’s slowing economy and Europe’s debt crisis. 

Analysts are concerned because BYD has failed to deliver on its promises for both cars and battery technology.

More to follow.

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4 Comments on "Build Your Dreams’ Nightmarish First Quarter"

  1. Honesty | 12 May 2012 at 08:44 |

    BYD has dangled the carrot in front of our mayor making him agree to purchase their buses. What will happen when we buy these buses and if BYD goes out of business we will be stuck with a big bill.

  2. I can see it now, we’ll get some busses and then when they start to break down we’ll wait out orders for replacement parts only to end up dealing with a defunct company. BUT we’ll have these cool looking busses that we could fill with dirt and make them into riverfront flower planters!!

    • I’d like to know why the city has agreed to buy 10 buses without first testing the vehicles. The City of Victoria has a BYD bus in service as part of a test. They’ve not committed to any purchases regardless of the test outcome. So why has Windsor bought 10 buses with unproven technology? More waste of tax payer’s money when there was such an outcry from council when Transit Windsor wanted to by some hybred buses.

  3. blindsight | 11 May 2012 at 15:03 |

    “BYD, which is based in China’s southern boomtown of Shenzhen, had staked its hopes on electric cars but weak demand prompted the company to shift more towards low-priced conventional vehicles, analysts say.”

    So how confident should we be for electric based transportation ?

    “Growth in overall auto sales slowed as China rolled back purchasing incentives and some cities imposed restrictions on car numbers.”

    The green machine needs tax dollars to survive. Even in China this holds true.

    Hope we negotiated a great price for those buses from a company that is now showing it was way overvalued.

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