11.20 BYD Auto to expand into solar energy field

BYD Auto to expand into solar energy field

 

http://autonews.gasgoo.com/auto-news/1013029/BYD-Auto-to-expand-into-solar-e
nergy-field.html

 

Shanghai, November 20 (Gasgoo.com) China's electric car manufacturer BYD
Auto has announced its plan to march into the solar energy field, reported
China Securities Journal today.

 

Xu An, the manager of BYDĄŻs public relations department, said that apart
from the information technology and auto business, the new energy will be
the third market for BYD to enter. BYD has also revealed that the plan
includes the solar power station, energy storage and power plants and new
energy vehicles.

 

"In the future, solar energy may become one of the driving forces of BYDĄŻs
electric vehicles," Xu added.

 

According to the plan, BYD will transplant the existing 10 billion-scaled
pure buttery industry to two 100 billion-scaled industries. In addition, BYD
has showed its ambition to enter a much wider new energy market in the
future, with the basis of its mobile phone parts and automotive
manufactures.

 

In terms of the sales of traditional vehicles, BYD has seen the most growth
among the domestic auto brands. So far BYD has exceeded the whole year sales
plan of 400,000 vehicles, with 330,000 units sold in the first ten months of
this year, up 170% from a year earlier.

 

Reportedly, BYD has already established 11 industrial bases all over China,
including Shenzhen, Beijing, Shanghai, Changsha, and Xian. BYD is expected
to reach an annual production capacity of one million vehicles in 2011.

 

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