Is BYD Low On Power?

After four years of partying hard, investors in Shenzhen-based battery-turned-auto maker BYD woke up at the end of 2012 with a terrible hangover. The company’s third quarter revenue was only 10.53 billion RMB, a drop of 10.7% year-on-year, while third quarter profits fell to a mere 4.6 million RMB, a 94% decline from the 77.37 million RMB profit the company posted in the third quarter of 2011. To make matters worse, the company projected that total revenue for 2012 might be down as much as 98% on 2011.

For more analysis on BYD's current struggles and future predictions, head to Agendabeijing.com.