Established in 1995, and listed in the Hong Kong and Shenzhen Stock Exchanges, BYD Co Ltd is a world class manufacturer of gasoline automobiles, electric cars and buses, industrial trucks, IT, and new energy products. As the largest nickel and handset Li-ion battery manufacturer in the world, BYD has also become the fastest-growing Chinese car manufacturer, and the global pioneer in the field of electric vehicles.
BYD’s ultimate goal is to spur mass-market adoption of green technologies and help preserve the environment, reduce air pollution and resolve the global energy crisis. Warren Buffett was impressed by this dream and invested $232 million to take a 9.89% stake. To make the dream come true, BYD has developed a full range of new energy vehicles including dual-mode hybrid cars, pure electric cars, pure electric buses, as well as a Green City Solution. In addition, BYD and Daimler AG have established a joint venture and officially announced the entirely new EV brand Denza in China.
BYD’s Green City Solution aims to electrify urban public transportation systems by transitioning from gasoline and diesel buses and taxis to pure electric ones. Actual solutions have been implemented in China for more than 2 years and BYD seeks to promote similar initiatives in other countries.
The internally developed Fe Battery (Lithium Iron Phosphate battery) and the corresponding Battery Management System technology, which is fitted to BYD electric vehicles, is considered to be the safest, most environment-friendly and advanced, and with the longest service life in the global market.
In 2010, BYD became the world’s first manufacturer of industrial trucks exclusively powered by the Fe batteries, enjoying a far more energy-efficient, safer, cleaner, truly maintenance-free technology than the traditional and cumbersome lead-acid batteries.
Today, the BYD forklift product range includes a counterbalance forklift, a pallet truck, an electric stacker and a reach truck. They make full use of the BYD’s well developed and reliable Fe Battery and Battery Management system to ensure lower operation costs and high operator satisfaction.