That deal also gives me a lot more confidence that we will be seeing, the Costco deal coming into play soon.
A question to the accountants in this board. Since HPJ will also be increasing capacity in 2nd half of this year and they will be making capital expenditures, how will that affect their EPS? Also, what are the chances they will sell shares to raise capital.?
Sentiment: Strong Buy
7:17 PM CDT
May 26, 2015
BYD Co. will spend the proceeds from a planned share sale to increase its capacity to manufacture batteries to meet the growth in demand for electric vehicles.
The maker of electric buses and cars urgently needs to increase the capacity to capitalize on opportunities in the market, according to the company’s investor relations activity log, posted on a website owned by the Shenzhen Stock Exchange. The company, which counts Warren Buffett’s Berkshire Hathaway Inc. as a shareholder, plans to raise about 10 billion yuan ($1.6 billion) in a private A-share placement, people familiar with the matter said.
BYD has sought to develop its own power units rather than rely on external suppliers, seeing batteries as a core technology that will play a big part in the success or failure of its electric vehicles. The company last month projected more orders for its electric buses after winning its biggest order in the U.S. from a mass-transit operator.
BYD is the biggest seller of electric cars in China, with taxi operators in cities including Shenzhen buying its e6 for their fleets.
I'll save you time. Listen to the CC at the 23:30 mark. Mentions query from Europe on the recycle business. Potential going to National Level not just commercial.
you posted on May 6th, see you in 2016 over $10
oh and reverse merger isn't prejudice with Sony, Samsung, Acer, Costco, Seiko, Phillips, VTech, and the rest of the world
your sarcasm was obvious. i posted in the 8s where this stock was going and it went there. fact is this stock is fairly priced , with smallish orders always without dollar amounts or time frames or completion dates. probably legit but with reverse merger stocks i suggest wariness. it was a nice short from 8 to 3.
Haven't had time to listen to the CC. It sounds like demand is there but according to the last one they were working on room to expand. How is this coming along and when will the increased production from their building expansion start?
Maybe Tesla will contract with HPJ to help meet their demand.
Nevada giga factory needs to be larger, and it will be a while before it is on line.
don't think he realized sarcasm....no new information we all see the earnings report and while not great they are on track with annual earnings...there is a huge amount of chinese gov't $ being put in to clean public transportation with only 7% of chinese with a car....right now shanghai is the big buyer but likely others can adopt that don't have the money to put in a subway system....plus there is always the potential of a buyout as they are a large operation low cost producer of rechargeable and electric products