Did you know that the world’s largest electric vehicle manufacturer recently opened a manufacturing plant to support orders throughout all of North America in LA County? Did you know they are one of the only companies to manufacture electric vehicles across multiple categories from fork lifts, to cars, to SUVs, to buses, and even commercial trucks? Did you know they’ve already been successful in selling electric vehicles worldwide including places like South Africa, Brazil, Cuba, the UK, and more?
If you answered no to the questions above, I’m talking about BYD the biggest car brand you’ve never heard of. Most importantly, the fact that the U.S. mass public has not heard of BYD presents a HUGE investment opportunity for the few that have and act quickly to invest ahead of BYD’s recent planned expansion into the U.S. and North American market.
If you answered no to the questions above, I’m talking about BYD the biggest car brand you’ve never heard of. Most importantly, the fact that the U.S. mass public has not heard of BYD presents a HUGE investment opportunity for the few that have and act quickly to invest ahead of BYD’s recent planned expansion into the U.S. and North American market.
BYD all-electric e6 taxis City of Colombia, Bogota Chinese manufacturer Build Your Dreams, better known as BYD, is the world’s largest producer of rechargeable batteries. Founded in 1995, BYD quickly grew to supply about half of the global market for rechargeable batteries, most notably mobile phone batteries.
In 2002, BYD acquired Tsinchuan Automobile Co. and a year later BYD Automobile Co. was born. BYD’s breakthrough battery technology is an iron phosphate chemical mix that the company says is safer than those made of lithium that sometimes can catch fire if punctured. BYD is the largest manufacturer of all-electric vehicles in the world and has sold more electric vehicles than Tesla, Nissan, or GM. Last year BYD sold 61,722 autos beating Tesla Motors Inc.’s sale of 50,580 vehicles, GM sold 15,393 Volts, and Nissan sold just over 50,000 Leafs.
In 2002, BYD acquired Tsinchuan Automobile Co. and a year later BYD Automobile Co. was born. BYD’s breakthrough battery technology is an iron phosphate chemical mix that the company says is safer than those made of lithium that sometimes can catch fire if punctured. BYD is the largest manufacturer of all-electric vehicles in the world and has sold more electric vehicles than Tesla, Nissan, or GM. Last year BYD sold 61,722 autos beating Tesla Motors Inc.’s sale of 50,580 vehicles, GM sold 15,393 Volts, and Nissan sold just over 50,000 Leafs.
BYD has received numerous awards and recognitions over the years, here are just a few:
In 2013, BYD quietly entered the U.S. auto market. BYD chose to build their manufacturing headquarters for North America in Lancaster, CA. Their primary focus here in the U.S. has been supplying all-electric buses to transit agencies. Last year, the Department of Transportation in Washington held a bid for proposal for up to 800 electric buses in 12 different categories, BYD was awarded the contract in 10 of those 12 categories. The Antelope Valley Transit Authority (AVTA) recently awarded a contract for 85 buses to BYD, AVTA has a goal of replacing their entire fleet and becoming the first all-electric transit agency in America. To name a few, transit agencies in Los Angeles, Long Beach, Gardena, Stanford University, Denver, and St. Albert in western Canada have also purchased all-electric buses from BYD. BYD is the world’s largest supplier of all-electric buses and is on track to deliver this year 300 buses in the U.S. and 6,000 buses worldwide.
- 2008 – BYD makes its U.S. debut at the Detroit Auto Show
- 2008 – Warren Buffett purchases 10% of BYD, the most he was allowed to buy.
- 2010 – The 25 Most Innovative Companies 2010 (Ranked 8th) by Business Week
- 2010 – Global Technology 100 (Ranked 1st) by Business Week
- 2011 – China’s Most Admired Companies (Ranked 7th with a Ranking of 1st in auto sector) by Fortune Magazine
- 2013 – Best Crash Test Facility of the Year by Automotive Testing Technology International
In 2013, BYD quietly entered the U.S. auto market. BYD chose to build their manufacturing headquarters for North America in Lancaster, CA. Their primary focus here in the U.S. has been supplying all-electric buses to transit agencies. Last year, the Department of Transportation in Washington held a bid for proposal for up to 800 electric buses in 12 different categories, BYD was awarded the contract in 10 of those 12 categories. The Antelope Valley Transit Authority (AVTA) recently awarded a contract for 85 buses to BYD, AVTA has a goal of replacing their entire fleet and becoming the first all-electric transit agency in America. To name a few, transit agencies in Los Angeles, Long Beach, Gardena, Stanford University, Denver, and St. Albert in western Canada have also purchased all-electric buses from BYD. BYD is the world’s largest supplier of all-electric buses and is on track to deliver this year 300 buses in the U.S. and 6,000 buses worldwide.
In 2015, BYD launched a test fleet of 200 all-electric taxis in Chicago in partnership with ride share giant Uber Technologies. UberX drivers can lease a BYD vehicle for $200 for the week. San Diego based ride sharing service Opoli received a test fleet of 50 all-electric BYD vehicles. There is also discussion to roll out a test fleet in New York. It is clear that BYD intends to collect data on how their vehicles perform under continuous use in congested areas to market the savings to populated areas throughout the U.S. in an effort to rollout thousands of taxi’s in the near future. After all, BYD has successfully delivered thousands of taxi’s in China and thousands more worldwide. In addition to their taxi test fleet rollout, BYD unveiled their 60-foot articulated electric bus, the world’s largest electric bus, in Downtown Los Angeles. BYD also announced they “will be bringing electric trucks, class 4, 5, 6, 7, and 8, heavy duty electric vehicles,” said Mathew Jurjevich, Market Research Analyst for BYD. The plan is to manufacture the trucks in the U.S. after initially exporting them from China.
The next step is consumer sales, but BYD has yet to decide when, according to Michael Austin, BYD’s vice president for the United States. Part of the consumer sales rollout will be a new family of SUVs ranging from subcompact to luxury and according to Austin new vehicles starting under $30,000. “We’re going after the mass market. And if you are delivering that, you have to be cost-competitive.”
As part of a city incentive, BYD is on track to meeting certain milestones this year that will allow them to acquire 12.5 acres to expand their facility absolutely free from the City of Lancaster. The state of California has also awarded a $3 million incentive to BYD provided they hire up to 625 employees and invest $51 million into their facilities by 2018.
As part of a city incentive, BYD is on track to meeting certain milestones this year that will allow them to acquire 12.5 acres to expand their facility absolutely free from the City of Lancaster. The state of California has also awarded a $3 million incentive to BYD provided they hire up to 625 employees and invest $51 million into their facilities by 2018.
I’ve personally visited the BYD headquarters in Shenzhen, China. At their facility they have a museum of many products that they’ve built over the years. I was blown away by all the products they manufacture and stamp someone else’s name on like Motorola or HTC. So although many have never heard of BYD, there is a huge possibility you own a product that they’ve built or contributed to in some way. One of the most fascinating exhibits in their museum is a cluster of miniature city replicas showing their factories in several parts of the world. Their factories are HUGE, in some cases spanning several blocks. If their Lancaster factory grows to be even a fraction of the size of some of their behemoth manufacturing plants, it will not only be a game changer for Lancaster, but also the County of Los Angeles and the State of California!
Again, California, Los Angeles County, and Lancaster are providing incentives for BYD, they know the economic value this global leader can bring. Smart investors are taking action now by positioning themselves to benefit from BYD's continuous effort to expand their presence in the U.S. and North American market. Make no mistake, investing properly in BYD's path of development is a life changing opportunity. Now is the time to get educated and learn how you too can position yourself to profit!
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