[Oeva-list] BYD-Daimler release prototype EV

Nick nickgaladay at msn.com
Thu May 26 11:32:45 PDT 2011

 BYD (symbol BYDDF $3.23) has fallen 50% since the end of November.


"BYD-Daimler's First Electric Vehicle (EV) Design Completed, Prototyping

8:05a ET April 18, 2011 (Business Wire) The 50:50 Joint Venture between BYD
and Daimler Mercedes-Benz (called the Shenzhen BYD Daimler New Technology
Company Limited), announced at its first board meeting since receiving its
business license from the Market Supervision Administration of Shenzhen
(MSAS) that Mr. Ulrich Walker CEO of Daimler Northeast Asia Investment Co.
Ltd, would be the Chairman of the Board of BYD-Daimler and that Mr. Yubo
Lian Senior Vice President of BYD Co., Ltd and Chief Engineer of BYD's auto
business would be President and CEO. 

The Joint Venture has made significant progress since cooperation began over
a year ago -- the design of the first BYD-Daimler electric vehicle (EV)
model has been finalized and prototyping has been kicked off -- a major
milestone. Both parties will work on EV production preparations and team
members from design, engineering, procurement, and quality management have
all relocated to the BYD Shenzhen Headquarters. 

>From the outset of the collaboration, BYD and Daimler put special emphasis
on high quality standards for design of the vehicle. The whole process of
new vehicle design has been closely supervised by Mercedes-Benz Quality
Management experts. This process has included creating a new international
supply chain and the selection of the right combination of mold-makers and
high-quality component suppliers. Cooperation with the World's leading
suppliers plays an important role in safeguarding the new vehicle's superior
quality. The electric vehicle co-developed by the joint venture will
capitalize on Daimler's know-how in highly-reliable and safe electric
vehicle architectures as well as combining BYD's leading-edge,
environmentally-friendly, Iron-Phosphate battery technology and electric
drive systems. The vehicle will be marketed under the new brand jointly
created and owned by Daimler and BYD. 

About BYD 

BYD is ranked #1 at the top of Bloomberg's and BusinessWeek's 2009 Tech 100
Businessweek%E2%80%99s-12th-Annual-Tech ) and is the leading manufacturer of
advanced, environmentally-friendly battery technologies like the BYD's Iron
Phosphate battery. BYD's solar panels and LED lighting systems have TUV/CE
and UL listings, and the company enjoys rapid growth in consumer electronics
space and automobile manufacturing under its BYD brand. With investments
from Warren Buffett (Berkshire Hathaway) and MidAmerican Energy Holdings,
today, BYD is the fastest-growing Chinese automotive and green energy
technology manufacturer. The Company trades on the Hong Kong exchange (HKE)
under the ticker numbers (HK.0285 -- BYD Electronics) and (HK.1211 -- BYD
Company Ltd). For more information, visit www.bydit.com or email pr at byd.com.



   Nick Galaday

           Energy conservation--

                     saves more than energy!


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