In 2014, with about 60 workers, BYD delivered their first two California-made all-electric buses.
In 2015, BYD was awarded $3 million under the California Competes program, a tax credit incentive which seeks to encourage companies to expand and add jobs in California. In order to receive the $3 million award, BYD had to meet certain milestones such investing $51 million in their California businesses and hire 243 by 2016 escalating to 625 workers by 2018 (at the time of this article BYD had an employee base of 700).
- Increase their U.S. Production from 350 to 1,500 buses per year
- Increase from 700 to 1,400 workers
- Expand their US business into all-electric commercial trucks, forklifts, and passenger cars
- Introduce new types of all-electric technologies to the US such as solar energy battery storage
It’s common sense, as BYD expands, the city will make more money. The state will too. Last but most importantly RTA educated investors that got there first stand to make a fortune!
We have not just been following BYD, we have been ahead of their forecasts. We can show you how we’ve already profited and how we plan to continue to do so. You can profit too. Give us a call at 844-782-5263 or visit our next live event.