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BYD 3.5T Electric Forklift Rolls off Assembly Line Broaden the Scope of Large-Tonnage Electric Forklift Industry

08/06/2013

On August 2, BYD Shaoguan Industrial Park held a grand opening event, displaying its assembly line of the world's first iron battery-powered BYD new energy 3.5T electric forklift. The event featured a ribbon-cutting ceremony. Shaoguan Municipal Party Secretary Zheng Zhentao, Mayor Yi Xuefeng, BYD president Wang Chuanfu, senior vice president Wang Nianqiang and various representatives from government and professional media were present at the event. Wang pointed out that the new energy forklift truck industry will be the future of the forklift development. He stressed that the BYD forklift will not only be an innovation as a technology and a product but will also pave the way for an innovative market.

The New Energy forklift truck will lead the future development of the forklift industry .

Currently, the petrochemical resources that humans depend on are depleting. As well, its extensive use towards urban development causes mass pollution in densely-populated cities. An example was when Beijing and Tianjin experienced severe smog earlier this spring. These problems indicate that environmental protection is unable to be delayed any longer. As the environmental factors become more severe, people's awareness of protecting the environment becomes more and more prevalent. A product, especially a forklift, which advocates low-carbon and the saving of energy, is attractive to clients. BYD's iron battery-powered forklift is the world's first of its kind, producing zero emissions. It has a long life, a high change/discharge rate and is virtually maintenance-free. Compared to the conventional internal combustion forklifts and lead acid battery forklift, the BYD iron battery production process releases no heavy metal pollution or emissions. The charging process does not product acid fog. After the one life cycle, the battery can be recovered for energy storage, making it a true green product that effectively overcomes the manufacturing of lead-acid batteries. BYD's iron battery is perfect for usage in pharmaceuticals, cold chain, food, and settings such as airports where eco-friendly approaches are necessary.


BYD 3.5T electric forklift broaden the scope of electric forklift industry.

It is reported that the 3.5T forklift truck accounted for approximately a full share of more than 50% in domestic market, while internal combustion forklifts had a full share of close to 80% in 3.5T category. Traditional lead-acid batteries are mainly manufactured for smaller 2.0T forklifts since lead-acid batteries cannot be used for heavy-duty, high-efficiency products. The 3.5T electric forklift market holds a "there is a demand but no product" dilemma. Having quickly achieved the global market with its own technology and industrial advantages, BYD utilizes vertical integration on the basis of integrated innovation. BYD successfully developed its "iron battery" technology applicable to the large-tonnage electric forklift field, being the first to break the large-tonnage electric forklift development bottle neck. The launch of the BYD 3.5T electric forklift greatly broadened the scope of the application of electric forklifts and will provide the logistics of the large-tonnage electric forklift industry with effective solutions.

About BYD

BYD Company Ltd. is one of China's largest companies and has successfully expanded globally. Specializing in battery technologies, their green mission to "solve the whole problem" has made them industry pioneers and leaders in several High-tech sectors including High-efficiency Automobiles, Electrified Public Transportation, Environmentally-Friendly Energy Storage, Affordable Solar Power and Information Technology and Original Design Manufacturing (ODM) services.

As the world's largest manufacturer of rechargeable batteries, their mission to create safer and more environmentally friendly battery technologies has lead to the development of the BYD Iron Phosphate (or "Fe") Battery. This fire-safe, completely recyclable and incredibly long-cycle technology has become the core of their clean energy platform that has expanded into automobiles, buses, trucks, utility vehicles and energy storage facilities. BYD and all of their shareholders, including the great American Investor Warren Buffett, see these environmentally and economically forward products as the way of the future.

BYD has made a strong entrance to the North, Central and South American markets with their battery electric buses, and lineup of automobiles. Their mission lies not just in sales growth, but also in sociological integration and local job creation as they have poured incredible investments into developing offices, dealerships and manufacturing facilities in the local communities they now call home, truly a first for Chinese companies. For more information, please visit www.byd.com or www.facebook.com/bydcompany.


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