Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

1/12/2014 (2 years ago)

Catholic Online (www.catholic.org)

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.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

1/12/2014 (2 years 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'


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for SEPTEMBER 2016
Universal:
Centrality of the Human Person: That each may contribute to the common good and to the building of a society that places the human person at the center.
Evangelization: Mission to Evangelize: That by participating in the Sacraments and meditating on Scripture, Christians may become more aware of their mission to evangelize.



Comments


More Business & Economics

Robots take over pizza joint! Fast food jobs due to be phased out Watch

Image of Zume pizza is making pizza with robots. In the next few years, the fast food industry is expected to automate significantly.

By Marshall Connolly (CALIFORNIA NETWORK)

A pizza startup in Silicon Valley is about to change the way you get your pizza, and possibly many of your other meals as well. Zume pizza is using robots to make your pizza and has plans to fully automate the process. Robots are on their way into restaurants across ... continue reading


Are Americans WRONG about work? How a Catholic approach to work actually increases profits Watch

Image of Ironworkers building the Rockefeller Center take lunch in this iconic photo from New York. (1932)

By Marshall Connolly (CALIFORNIA NETWORK)

Are Americans wrong about work? New research and practical experience suggests we Americans are wrong about work, and that if we want to be more productive, we may have to work less. LOS ANGELES, CA (California Network) - The news from Sweden is promising. Some workers ... continue reading


The economic problem that could destroy America TODAY Watch

Image of Stagnant wages are a threat to our already weak economy. Fortunately, there's a positive trend as some employers begin hiking wages.

By Marshall Connolly (CALIFORNIA NETWORK)

The economy is growing slowly, and the bad news comes at a time when the Federal Reserve is contemplating an interest rate hike. The combination of a sluggish economy and rising interest rates could lead to a recession. LOS ANGELES, CA (California Network) - The U.S. ... continue reading


Business Management Expert Patrick Lencioni Applies Expertise To Catholic Parishes

Image of

By

Amazing Parish ministry prepares to send 14,000 copies of "The Better Pastor" to parishes around the country. New York Times best-selling author Patrick Lencioni is best known for books such as Death By Meeting and The Five Dysfunctions of A Team that use extended ... continue reading


Middle class continues to collapse into poverty - but here's how we can stop it Watch

Image of The middle class is shrinking, and it's largely its own fault. Middle class voters commonly vote against their own self interest.

By Marshall Connolly (CALIFORNIA NETWORK)

The middle class is going extinct, according to another new study. The result confirms what many fear, changes in the economy are not favorable to those in the middle. We are not prepared for the changes that are occurring. LOS ANGELES, CA (California Network) - The ... continue reading


Their fault? Millennials earning less than any previous generation since before WWII Watch

Image of Boomers still hold the upper hand, but they're slipping with age. Millennial influence is growing, so their attitudes and beliefs matter.

By Marshall Connolly (CALIFORNIA NETWORK)

Something is wrong with our economy, and the future is more troubling that it has been in almost a century. A study reveals that British millennials are earning less than their parents. The implications  are staggering. LOS ANGELES, CA (California Network) - A ... continue reading


Newsprint continues to decline and these FOUR companies are making all the money on the internet Watch

Image of Most people don't want the newspaper anymore, even if it were free.

By Marshall Connolly (CALIFORNIA NETWORK)

A Pew survey reveals that newsprint is dying and more people are turning to the internet and video for their news. Newspapers have lost 7 percent of their daily circulation over the past year alone. LOS ANGELES, CA (California Network) - The 13th annual Pew Research ... continue reading


Americans lose confidence in all but the economy Watch

Image of Confidence in televised and printed news is faltering (SKY).

By Kenya Sinclair (CALIFORNIA NETWORK)

What does it mean when Americans have a failing sense of confidence in the very institutions that directly affect their daily lives? LOS ANGELES, CA (Catholic Online) - According to the latest Gallup survey, Americans lack confidence in the schools responsible for the ... continue reading


Whatever you do, DON'T SPEND $831 or more because that's how close... Watch

Image of We are THIS close to the brink of credit collapse.

By Marshall Connolly (CALIFORNIA NETWORK)

Americans owe at least $3.4 trillion in credit debt, and that number continues to rise as payment on the debt falls below borrowing. On average, each household owes more than $15,000 in debt. LOS ANGELES, CA (California Network) - Americans are falling deeper into debt ... continue reading


The Catholic Perspective: Should Catholics use payday loans? Watch

Image of Lenders prey on the desperation of the needy (Livingincome/Wordpress).

By Kenya Sinclair (CALIFORNIA NETWORK)

The poor are getting poorer and the rich don't give a damn - what have we done? LOS ANGELES, CA (Catholic Online) - According to Exodus 22:24, God tells us to be fair. "If you lend money to any of my people, to anyone poor among you, you will not play the userer with ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

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

Subscribe to Catholic OnlineYouTube Channel

Daily Readings

Reading 1, Job 9:1-12, 14-16
1 Job spoke next. He said:2 Indeed, I know it is as you say: ... Read More

Psalm, Psalms 88:10-11, 12-13, 14-15
10 Do you work wonders for the dead, can shadows rise up to praise ... Read More

Gospel, Luke 9:57-62
57 As they travelled along they met a man on the road who said to him, 'I ... Read More

Saint of the Day

Saint of the Day for September 28th, 2016 Image

St. Lorenzo Ruiz
September 28: Saint Lorenzo Ruiz was born around the year 1600 ... Read More