Related News
BYD shares nosedive
Print Edition
SHARES of China’s new-energy carmaker BYD, backed by Warren Buffett, nosedived in Shenzhen and Hong Kong yesterday amid increasing concerns over the company’s risk exposure to the tumbling ruble and falling oil prices.
There have been increasing rumors that BYD suffered tens of millions of yuan losses due to the Russian currency’s depreciation, which sent its share prices down 28.8 percent to HK$25.10 (US$3.24) in Hong Kong and by the 10 percent daily limit to 36.43 yuan (US$5.86) in Shenzhen.
BYD denied in a statement later yesterday any knowledge that might have triggered its share price to tumble.
The company’s exports to Russia this year were worth only US$700,000. The recent drop in oil prices, viewed as a downside for electric carmakers, has very limited impact on BYD’s sales that comprised mainly traditional internal combustion engine vehicles.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
