BYD

BYD shares traded in Hong Kong rose as much as 300% during the year.

Chinese carmaker BYD reported third-quarter net profit of RMB 1.751 billion, up 1,362.66% year-on-year, the company reported on October 29.

From the earliest days of the company's business establishment, to the difficult financing of the start-up, and then to the cost advantage, BYD's business has grown by leaps and bounds. The first seven years of BYD's existence were a period of rapid and unstoppable growth.

In a report on October 29, BofA analyst Ming Hsun Lee and Jessie Lo said rising blade battery adoption and better mix of electronic business will drive growth of Chinese carmaker BYD.

Chinese carmaker BYD is pre-researching its next-generation high-performance, high-safety pure electric vehicle platform, which will apply a host of innovative technologies to take full advantage of the electric vehicle's space, driveability and intelligence, Chinese media quoted BYD senior vice president Lian Yubo as saying.

The total installed capacity of power batteries in China's EV market was 6.47 GWh in September, up 53.53% year-on-year. Among them, CATL remained in first place with 2.89 GWh of installed capacity, accounting for 44.7% of the domestic market share, according to statistics released by Realli Research.

BYD Electronics has recently launched a laptop powered by the China-made Loongson 3A4000 processor, which has a 13.3-inch narrow-bezel screen and weighs 1.55 kg.

After raising their price target on Chinese electric vehicle (EV) maker NIO (NYSE: NIO) sharply to $40 in a report released on Wednesday, JP Morgan analysts led by Nick Lai gave a positive review on the Chinese EV supply chain in a new report on Thursday.

BYD Han deliveries were 5,612 units in September, up 40.3 percent from August, according to data released by BYD on October 10.

BYD, the Chinese auto giant backed by Warren Buffett, sold 19,881 new energy vehicles in September, up 45.32 percent from 13,681 in the same month last year, the company's announcement on the Hong Kong stock exchange showed today.