bro winston ,
have u start to short it ?
http://www.tradingmarkets.com/.site/new ... s/2669212/BYD Puts off Retail of F3DM Electric Vehicle
SHENZHEN, Nov 20, 2009 (SinoCast Daily Business Beat via COMTEX) - Chinese private automobile and batteries company BYD Co. Ltd. (SEHK: 1211) plans
to postpone the retail of its EV (electric vehicle) model, the F3DM, to next year, because the
current sales volume is around 100, far below the market expectations.
On December 15, 2008, the BYD F3DM, which is titled as the world's first EV without dependence on the professional charge station and
priced at CNY 149,800, hit the domestic market. It is mainly used for
purchase and application of the Shenzhen and Hong Kong governments. Although the car model wins great favor of consumers, the Hong Kong-listed automaker expects more sales allowance policies, because of such a high selling price. However, the BYD Chairman Wang Chuanfu is still confident of the commercialization of its new energy cars.
In the
first ten months of 2009, BYD aggregately sold 337,597 vehicles. Total sales volume of the BYD F3 reached 30,008, and it was the first time that more than 30,000 units of a China-made car model were sold within a month.
The company is expected to witness a sales volume of 430,000 to 440,000 cars in the entire 2009, keeping a double growth for four consecutive years.
Source:
http://www.163.com (November 20, 2009)