BYD Unveils New Electric Vehicle Prototype at Annual Gala;



Celebrates Record 2016 Profit New energy technology company BYD today kicked off its annual gala with the promise to deepen its development of electric powertrains to provide greater green transportation solutions. The Shenzhenbasedcompany, which used the event to celebrate a record five billion RMB profit in 2016, also unveiled the ‘Dynasty’ prototype vehicle created by its new Design Director Wolfgang Egger.

The trend to go electric is already irreversible,” Wang Chuanfu, Chairman and President of BYD toldthe crowd of more than 2,000 attendees. “But where is the next growth area? There’s no doubt that it will be in consumer vehicle, most of them plug-in hybrid models.”

BYD is preparing to make an even greater push internationally by investing in world class technology and expertise that advances its vision of creating an eco-system of quality new energy products.

The five billion RMB SkyRail monorail that was launched last October, the appointment of Hollywood actor Leonardo Dicaprio as brand ambassador in China for new energy vehicles, along with the recent hiringof two European automobile heavyweights underscores the company’s strategic global expansion.