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2011-05-03

BYD Announces EV Fleet Results at Anniversary of Green-Taxi Project

SHENZHEN, PRC – Today is the one year anniversary of the world’s largest all-electric vehicle Taxi

fleet supplied by BYD. In conjunction with this anniversary, BYD announced results of several of its

electric vehicle pilots – the F3DM, e6 and eBUS-12 fleet testing across the world. Fifty (50) of the

BYD’s e6, five(5)-seat crossover vehicles, each with a range of over 160 miles (250-300 Km) and a top

speed of 88 mph (or 140km/h) have been in service at Shenzhen-based Pengcheng Electric Taxi Company

since April 29, 2010. The Shenzhen e6 Taxi fleet has now accumulated ~1,730,000 all-electric miles (or

2.77 million kilometers) while being rapid charged in 20-30 minutes. The distance traveled for single fleet

vehicles has reached ~63,000 miles each (or 100,000 km). “This fleet of 50 e6 taxis has survived the very

harsh operating conditions of hot Shenzhen summers and a very cold winter this year, and drivers and

passengers alike have been extremely satisfied with their ride experience”, according to Stella Li, Senior

Vice President. 250 more eTaxi’s are being delivered to the International University in Shenzhen before

August this year and officials believe that the per-car-fuel-savings is over $1167 per-Taxi-per-month or

7519RMB per-car-per-month (driving an average of 400Km per day). BYD’s all-electric Taxis are

expected to help Shenzhen avoid about 133 lbs (or 60.4Kg) of carbon-dioxide pollution per day per Taxi.

This is an equivalent of 2,425,060 lbs (or 1.1M kg) of carbon-dioxide pollution avoided by this fleet in this

first year.

The most important finding in the e6 fleet testing was that there has been no noticeable energy drop – both

driving range and battery performance has been stable in rapid-charging conditions over the 1.73M miles

tested – a breakthrough in EV rapid-charging. BYD has been challenged by the media about its claims of

long-range electric vehicles and superior battery longevity in rapid-charging regimes, ever since it

launched its first dual-mode, electric and plug-in-hybrid electric vehicles in December 2008. BYD now feels that it has proven its Iron-Phosphate battery technology with fleet test results and can discuss

on-going vehicle charging efficiencies, consumption efficiencies, EV ranges over time and with

rapid-charging regimes.

BYD further reported on its F3DM fleet which BYD launched in its first US tests at the Housing

Authority of Los Angeles (HACLA). The F3DM can travel over 40 miles (or 60 Km) all-electric but can

be engaged to act as a Hybrid-Electric (HEV) to extend its range up to 300 miles. HACLA fleets have

now accumulated ~10,430 miles all-electric and 14,430 total miles (4,000 fuel-driven miles when extended

range was necessary). The fleet is achieving an equivalent of 88 mpg and BYD believes that the

per-car-savings (even netting out EV charging and electricity costs) is ~70%. BYD’s dual-mode cars are

expected to save HACLA about 37 lbs (or 16.8 Kg) of carbon-dioxide per-day-per-F3DM when driven to

the EV range.

BYD launched a Chinese approved all-electric bus fleet with the eBUS-12 in

Shenzhen and Changsha China January 2011. These fleets have already accumulated 28,802 all-electric

miles (or 46,380 Km) while undergoing a 3-hour-charge of the 324 Kwh FE battery. An example of the

per-eBUS-savings for Shenzhen’s Bus Line 202 (driving only 200Km per day) is about $2833 monthly per eBUS (or 18417 RMB per month). 300 more buses will be delivered to Shenzhen in August of this year.

BYD’s all-electric eBUSes avoid about 708 lbs (or 322Kg) in carbon-dioxide per eBUS per day.

In total, BYD EVs have accumulated over 1.769 million all-electric miles and have seen no diminished

range or capacity due to the rapid-charging. BYD vehicles are estimated to have already saved

$360,000 in fuel costs and over 2.776 million lbs of carbon-dioxide. BYD launched consumer sales of

the F3DM September 27th, 2010 and anticipates very good demand for the BYD e6 and all electric vehicles

in China, based on city policy changes in cities like Beijing who announced, “consumers that purchase pure electric vehicles will also enjoy the special privilege of "license-plate-lottery-free, no traffic restrictions

and tax-free exemptions (paid by the government)."