Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

1/12/2014 (1 year ago)

Catholic Online (

Backed by Warren Buffet, four models to be introduced at end of 2015

The manufacturing powerhouse that is modern China has yet to make inroads into the automotive industry. That may soon change, The BYD car, manufactured in China, are set to hit U.S. showrooms at the end of 2015.

BYD plans to open a factory in Sao Paolo, Brazil during the soccer World Cup that starts in June to assemble its K9 electric buses.

BYD plans to open a factory in Sao Paolo, Brazil during the soccer World Cup that starts in June to assemble its K9 electric buses.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

1/12/2014 (1 year ago)

Published in Business & Economics

Keywords: BYD, China, cars, U.S. dealers, electric cars

LOS ANGELES, CA (Catholic Online) - BYD says they plan to introduce about four models for its U.S. debut. Though BYD wasn't ready when it earlier sought to enter the U.S. car market in 2010, the company is more prepared this time, Stella Li, the senior vice president in charge of the company's U.S. business said in an interview.

The Chinese are seeking to make impact upon the U.S. car market as the Japanese and South Koreans did decades earlier. Geely and Chery Automobile Co. have made such predictions as far back as 2005, though they've yet to sell their first car in America.

Help our brothers and sisters in the Philippines by going here ...

"Entering the U.S. market carries more symbolic meaning to brand building than actually boosting its bottom line," Han Weiqi, an analyst with CSC International Holdings Ltd. in Shanghai said. "They really need to make sure cars they deliver there have sound quality in order to avoid adverse impact."

It must be noted that BYD has previously planned far planning bigger than what they can actually deliver, Han says.

Billionaire BYD founder and Chairman Wang Chuanfu completed a three-year reorganization last year, during which he cut the number of dealerships and narrowed losses at its solar business thanks to state incentives. Investors have been receptive to BYD's turnaround. Focusing on electric cars, BYD saw its shares surge 63 percent to HK $38 in Hong Kong trading last year.

BYD is already in the U.S. vehicle market as it sells electric buses to fleet operators, instead of cars to consumers. The company is preparing to begin U.S. production of electric buses in March at its factory in Lancaster, California.

 "Back then, we had passion, but we had no brand, no history, no capital and no competitive advantage," Li says. "BYD has become more fashionable and we have improved our design and safety. We don't want to compete on price anymore, but on quality and innovation."

It must be noted that BYD isn't the only Chinese automaker pursuing the American consumer. Geely, whose parent owns Volvo Cars, plans to export cars developed with the Swedish brand to the U.S. in 2016.

BYD plans to open a factory in Sao Paolo, Brazil during the soccer World Cup that starts in June to assemble its K9 electric buses, Li said.

Pope Francis calls for your 'prayer and action'...


Pope Francis: end world hunger through 'Prayer and Action'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Business & Economics

7 ways to bring your family out of debt Watch

Image of


There are a lot of ways the improper handling of finances can jeopardize you and your family. The cost-of-living continues to get higher yet your income doesn't. How can you make ends meet? LOS ANGELES, CA (Catholic Online) - Fear not! You can regain control of your ... continue reading

3 easy ways to save money and pay off debt Watch

Image of


Work and play, earn and spend -It's the way the economy survives, but what about your survival? If you're having trouble saving money, don't have a dedicated savings account or just don't know how to stop spending, you may have a problem. LOS ANGELES, CA (Catholic ... continue reading

Is the stock market in trouble? Historical market turndowns following papal visits Watch

Image of Papal visits versus the stock market were reviewed.


As Pope Francis visits the United States, historical data of visits from his predecessors to the United States were linked to several market downturns in the US. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - Pope Francis made his historical visit to the United ... continue reading

Construction of high-speed rail between L.A., Las Vegas approved by U.S., China Watch

Image of Signed before Chinese President Xi Jinping's state visit to the U.S., the project is a milestone in China's efforts to market its high-speed rail technology in advanced economies.

By Catholic Online (NEWS CONSORTIUM)

A joint venture to build a high-speed railway linking Las Vegas and Los Angeles has been agreed upon. The project will be the first Chinese-made bullet-train project in the U.S. LOS ANGELES, CA (Catholic Online) - XpressWest Enterprises LLC, along with a China ... continue reading

PENDING FED DECISION: U.S. may be due for the first rate hike in 10 years Watch

Image of A relative

By Catholic Online (NEWS CONSORTIUM)

The Federal Reserve may have to make a very hard decision shortly. "If the Open Market Committee takes the plunge, it will be the first US rate hike in nearly 10 years," Telegraph columnist Jeremy Warner says. LOS ANGELES, CA (Catholic Online) - It will be the ... continue reading

Bear market looms, Yale University market scholar warns Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

There is widespread concern that U.S. stocks are overvalued, which will lead to a ferocious bear market unseen since the "Dot-com" bubble burst in 2000. According to research by Yale University market scholar and Nobel economics laureate Robert Shiller, while ... continue reading

Job participation rate in U.S. at 38-year low Watch

Image of According to Bureau of Labor Statistics, the nation's civilian non-institutional population - which means that all people 16 years of age or older who were not in the military or an institution -- reached 251,096,000.

By Catholic Online (NEWS CONSORTIUM)

Americans not participating in the labor force jumped by a whopping 261,000 more in August than there was in July. The participation rate in U.S. labor remained at 62.6 percent, a 38-year low, for a third straight month in August. These are "cheerful" ... continue reading

Islamic State attempts to replace the U.S. dollar with gold coins Watch

Image of A five denar piece featuring a picture of seven wheat stalks, representing the

By Kenya Sinclair (NEWS CONSORTIUM)

The Islamic State has announced it will be producing gold currency with the goal of weakening the dollar. LOS ANGELES, CA (Catholic Online) - A video posted Saturday, August 29th by the Islamic State warns that replacing the dollar will be "the second blow to America's ... continue reading

Art collectors seek liquidity as market plummets Watch

Image of Picasso piece auctioned for a record $179.4 million.


Inquiries about art loans reportedly increased after global equities plunged. The unfortunate event led many to view their collections as assets and investment to cash-in.  MUNTINLUPA, PHILIPPINES (Catholic Online) - Bloomberg Business reports many collectors and ... continue reading

BIRTHING PAINS - America on brink as markets plunge Watch

Image of Market collapse is just one of many signs that the end is approaching. What comes next?

By David Drudge, Catholic Online (NEWS CONSORTIUM)

The U.S. stock market opened with a bang on Monday, and it appears to be the same sound you hear when something catastrophic happens to your engine. Several commentators have already dubbed the day, "Black Monday" as the market appeared to be on track for its largest ... continue reading

All Business & Economics News


Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

Saint of the Day

Saint of the Day for October 4th, 2015 Image

St. Francis of Assisi
October 4: Founder of the Franciscan Order, born at Assisi in Umbria, in ... Read More