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BYD's Chairman Receives Equivalent of China's Peace Prize

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BYD Chairman Chuanfu Wang

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CANTON, China - January 14, 2011: Today, in China’s largest province, BYD Chairman Chuanfu Wang received the equivalent of China’s Peace Prize for his significant contributions in the area of economic and environmental recovery in China. Mr. Wang Yang, Communist Party Secretary for the Provincial Committee, awarded BYD’s Chairman Wang the Canton Provincial Award for Individual Contribution (CPAIC) stating, “Chuanfu Wang and his team are leading China’s Automobile Industry in electric vehicle innovations, which not only create significant economic wealth for us but also bring us a lower-carbon and more environmentally-friendly solution for our transportation. Secretary Yang went on to state, “I sincerely hope more teams regard BYD as China’s benchmark to improve our environment and contribute to the whole of society through advanced innovations.”

The CPAIC award is given every two years to two individuals (or teams) and is one of the largest monetary awards in China with a value of over 30 Million RMB or $4.55M USD. It is also the only award of its kind in China recognizing individuals who not only elevate the social and economic welfare, but also accomplish this feat without harm to the environment.

Chuanfu Wang was recognized for leading Canton and the Nation’s new renewable energy and Auto Industries with ground-breaking advances in solar power, battery storage, LED and electrified transportation technologies. These technologies have already significantly reduced the carbon emissions and pollution in Canton Province. The Canton Government’s nomination of Chuanfu Wang signals the importance Chinese government bodies are now placing on the value of simultaneous economic and environmental progress, without compromising one for the other.

Chairman Wang and BYD applied their advanced solar, battery and LED technologies to assist poverty stricken areas of China – even donating 1000 solar-energy-storage-and-lighting systems to the nomadic peoples of Tibet. These Tibet systems are completely zero-emissions systems created with no caustic materials, no heavy metals, no toxic electrolytes and are environmentally friendly systems with no recycling requirements. Chairman Wang also established the BYD Charity Foundation so that employees and others could contribute to those in need.

Chairman Wang commented that he was “very proud to be honored with Dr. Nanshan Zhong”who received the other CPAIC award this year for solving the SARs epidemic in southern China and that he would use this award to continue his philanthropic work supplying leading-edge solar-energy-systems; “doing for those who could not do for themselves by donating it to the BYD Charity Foundation.”Wang stated, “It is not BYD’s only target to become #1 in the World, but we must be a responsible corporate citizen with respect to the environment and give generously of our time, talents and technology to assist in the economic and environmental recovery of our World communities."

About BYD
BYD is ranked #1 at the top of Bloomberg’s and BusinessWeek's 2009 Tech 100 List 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).