BYD Releases the First Electric Buses in Next March
2010-01-04 Source：www.chinabuses.org
www.chinabuses.org : Zhang Chunxian, the provincial party secretary and director of the provincial People's Congress Standing Committee visited Wang Chuanfu, the chairman of BYD Company Limited (BYD for short) with the attendance of Chen Run'er, the provincial party committee member and municipal party secretary. Wang Chuanfu showed his gratitude for the support of the provincial and municipal government. It is known that the Changsha BYD production base is under the construction in the Hunan Environment Science Technology Industrial Zone and the first electric buses will be released in the next March.
The principal of the Hunan Environment Science Technology Industrial Zone introduces that BYD Shanghai project will build a new base including electric bus, bus chassis and cars with the production objective of 5000 buses and 10000 chassis. Currently, the removal on the 3000 mu for Phase one and the capping of the painting workshop covering 50000 square meters have been successfully completed.
It is understood that BYD launched the stock market in Hongkong on 31 July, 2002. On 27 September 2008, Buffett subscribed BYD 225 million shares, which was considered as Buffett's confirmation of the brand value of BYD as well as the great importance to the promotion of the BYD new energy vehicles and other environmental products in the market of North America, Europe even the world. BYD refers to there industries: IT,auto,and new energy. According to the plan, BYD will invest 439 million USD in the Changsha base and improve the products structure to realize the strategical layout in the middle and southern market. Meanwhile, Changsha will become the third auto production base of BYD after Xi'an and Shenzhen in China.
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