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BYD Response to LAANE Protest in Los Angeles

  BYD Response to LAANE Protest in Los Angeles

Business Wire

LOS ANGELES -- October 31, 2013

BYD is perplexed by the misinformation being spread by Madeline Janis’
advocacy group, LAANE. BYD has been in a standard product testing phase in
accordance with regulatory guidelines. We have just received customer approval
to start manufacturing our green technology buses, and look forward to hiring
more California workers for those jobs. BYD is also dedicated to properly
paying its employees under California’s wage and hour laws.

Questions have been raised about the wages paid to a few technology experts
who are visiting here temporarily from BYD’s parent company in China to train
our American workforce and to assist with the transition from overseas of our
state-of-the-art design, but the information being disseminated is incomplete.
We have reached out to the California Labor Commissioner’s office to address
these issues and hope to reach a conciliatory and satisfactory resolution. BYD
is fully committed to being a good corporate citizen and employer in
California. We are thankful for the opportunity to partner with the city
leaders in this state to build environmentally-friendly, safe and efficient
buses to enhance public transportation in our communities.

For more information, visit BYD at www.facebook.com/bydcompany and
www.byd.com.

ABOUT BYD

BYD is ranked #1 at the top of Bloomberg’s and Business Week's 2009 Tech 100
List
(http://www.businesswire.com/news/home/20100520006751/en/BYD-Tops-Bloomberg-Businessweek%E2%80%99s-12th-Annual-Tech)
and is the leading manufacturer of advanced, environmentally-friendly battery
technologies like BYD’s Iron Phosphate battery used in BYD electric vehicles
and electric buses. BYD’s solar panels and LED Lighting systems have CEC,
TUV/CE and UL listings, and the company enjoys rapid growth in consumer
electronics space and electrified transportation sector manufacturing under
its BYD brand. BYD is the fastest-growing Chinese automotive and green energy
technology enterprise. The company trades on the Hong Kong Stock Exchange
(HKSE) under the ticker numbers HK.0285 – BYD Electronics and HK.1211 – BYD
Company Ltd., as well as on the Shenzhen Stock Exchange under the ticker
number 002594 - BYD Company Ltd. For more information, visit www.byd.com,
www.facebook.com/bydcompany or email pr@byd.com.

Contact:

BYD
Micheal Austin, 1-800-BYD-AUTO
micheal.austin@byd.com