You are hereBYD China’s Electric Car in Sales Slump

BYD China’s Electric Car in Sales Slump


By Superstock - Posted on 05 June 2009

Investors and speculators who piled in BYD is perhaps letting hope take over cool-headed value calculations. A casually look at BYD's financial statements shows that the company is having a hard time with their earnings and cash flow.

How bad are the BYD electric car sales numbers? It has been reported that since its December launch, only 80 units have sold, and 20 of those were to China’s government. High price, concerns over how long the battery will last and reliability issues are largely to blame.

Read more:
http://personalmoneystore.com/moneyblog/2009/04/13/byd-electric-car-china/

Value investing is not about predicting the future. But a bet on BYD is clearly a bet on the future and on one entrepreneur. Will it work? Let me know what you think.

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