BYD-backed products are back on top as the company's share price climbed 70% since the start of the year. The gains have stopped a slide in the automotive and rechargeable batteries firm's stock price after it hit its record high in 2009 following a year-long rally sparked by Warren Buffet's investment into the company.
Nine live short-term products from Lang und Schwarz are set to benefit from the stock rise and are due to mature in June. There are total of 29 live products tied to the company with three products using the stock among their baskets due to mature in May however their initial strike date's stock price for BYD remains above its current stock levels.
The Shenzhen-based company's stock price plummeted roughly 80% last year after delays in its international expansion plans as well as issues with its technology; however, demand and orders are expected to be robust this year.
Local government initiatives to ramp up demand for energy-efficient vehicles is likely to benefit the company which is a global pioneer, with Hangzhou, Hefei, Shenzhen and Wuhan having set a collective target to have 80,000 energy-efficient cars on roads this year, according to Chinese reports.
The company has already delivered 450 public transport and taxis to Shenzhen's transportation authority while Changsha has signed an agreement for 10,000 electric buses.
The company shipped 15,000 units of its new line of sport utility vehicles in December 2011 half a year after its launch and topping domestic peers.
Sales last month were likely to have hit 16,000 units, according to BNP Paribas SA.
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