http://www.livetradingnews.com/byd-otcmktbyddf-triple-size-california-factory-16180.html#.V-DcBFqAOho
BYD ... to Triple Size of California Factory
September 19, 2016  Paul Ebeling

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Chinese car, bus and battery maker BYD (OTCMKT:BYDDF) announced recently
that it will expand its EV (electric vehicle) plant in Lancaster,
California, 3X’ing the size of its facility, employment and production
capability in next 3 years.

Stella Li, President of BYD America, said at a groundbreaking ceremony last
week that the world’s largest manufacturer of EV’s will continue to invest
in Lancaster and provide more development opportunities for local residents.

BYD, which stands for “Build Your Dreams”, is the world’s largest
manufacturer of rechargeable lithium-ion batteries. Based on its fire-safe,
fully recyclable and long cycle battery technology, the company has expanded
into other businesses, including automobiles, buses, trucks, utility
vehicles and energy storage facilities.

“We are proud to produce efficient, reliable electric trucks and buses in
California that help boost the local economy with well-paid manufacturing
and engineering jobs,” Ms. Li said, after recalling why the company had
decided to set up the factory in the City of Lancaster in Y 2013, a Southern
California community of more than 156,000 people.

Lancaster boasts more than 350 days of sunshine per year, making it the
ideal place to pioneer new solar energy technologies.

Li also emphasized the support that local government and skillful American
engineers had given the company.

The BYD’s coach and bus vehicle plant in Lancaster, which covers 8-K sqm and
is able to deliver 300 Zero-emission vehicles every year, has already
employed more than 300 people for production and customer service.

According to the new plan, the facility will expand to 37-K sqm, 3X’ing the
number of its employees to 1,000 and its assembling capability to 1,000
vehiclesper year.

“Through our growing partnership with BYD, the local economy has already
realized a significant boost,” said Lancaster Mayor Rex Parris, “in
addition, reaching Zero Net Energy status is at the forefront of our city,
and BYD is helping us achieve this vision faster.”

The Shenzhen-based company has more than 160,000 employees globally and a
regional HQ in Los Angeles, California

The company’s electric bus, supported by its solar panels, LED lighting and
energy-efficient technologies, is able to run over 248 kilometers after a
single charge, which is among the longest in the world.
[© 2016 HEFFX.com]




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