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As 2015 Nears its End, BYD Becomes Biggest EV Maker Worldwide

12/02/2015

In a just-released global EV ranking, BYD Company Ltd. ranked first in sales in October – for the sixth consecutive month since May – with a total of 6,099 EV units sold. However, the October ranking represents a true watershed for the company because for the first time BYD also ranks first in accumulated sales throughout the year – with a total of 43,069 EV units sold, a 222% surge as compared to the same period last year – overcoming all American, Japanese and European leaders to date.


BYD’s outstanding performance in 2015 – in which the company climbed from the 7th position in late 2014 to the first position in just 10 months – is the result of a carefully studied and planned strategy combined with savvy market perception. After the successful launch of its first “dynastic” PHEV model – the sedan Qin – that placed the company on the passenger EV map and featured increased sales month-on-month since late 2013, BYD went on to launch yet another PHEV model, this time the streamlined SUV Tang in June 2015, as part of a complete PHEV lineup following the company’s 542 performance strategy – in which “5” means the vehicle’s power to reach 100km/h in under 5 seconds, “4” meaning four-wheel drive, and “2” for its fuel efficiency of 100km with less than 2 liters of gasoline – that has conquered the taste of consumers. Next in line are the SUVs Song and Yuan, which will most definitely add to the company’s mushrooming numbers.


BYD plug-in hybrid vehicles Qin and Tang

The rise of EVs comes together with the rise of the Chinese Auto Industry and that of BYD Company Ltd. The company’s EV strategy is not limited to mere passenger vehicles, in spite of its outstanding performance in this category. Its 7+4 strategy epitomizes its ambitions for the future of what is called in China “new energy vehicles”, where passenger cars would be just part of a much bigger picture. The company aims at electrifying all possible means of transportation, and it has gone a long way towards accomplishing such feat: the “7” stands for major conventional vehicles, comprising bus, coach, taxi, private car, urban logistics truck, sanitation truck and construction truck (concrete mixer); and the “4” stands for specific off-road environments: warehouse, mining, airports, ports. The company’s rise in PHEVs has been as inconspicuous as its massive presence in Electrified Public Transportation worldwide. Starting in 2010, now its fully electric (BEV) buses and taxis are running in over 160 cities in 40 countries.



About BYD

BYD Company Ltd. is one of China’s largest companies and has successfully expanded globally. Specializing in battery technologies, their green mission to “solve the whole problem” has made them industry pioneers and leaders in several High-tech sectors including High-efficiency Automobiles, Electrified Public Transportation, Environmentally-Friendly Energy Storage, Affordable Solar Power and Information Technology and Original Design Manufacturing (ODM) services.

As the world’s largest manufacturer of rechargeable batteries, their mission to create safer and more environmentally friendly battery technologies has led to the development of the BYD Iron Phosphate (or "Fe") Battery. This fire-safe, completely recyclable and incredibly long-cycle technology has become the core of their clean energy platform that has expanded into automobiles, buses, trucks, utility vehicles and energy storage facilities. BYD and all of their shareholders, including the great American Investor Warren Buffett, see these environmentally and economically forward products as the way of the future.

BYD has made a strong entrance to the North, Central and South American markets with their battery electric buses, and lineup of automobiles. Their mission lies not just in sales growth, but also in sociological integration and local job creation as they have poured incredible investments into developing offices, dealerships and manufacturing facilities in the local communities they now call home, truly a first for Chinese companies. For more information, please visit www.byd.com


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