Electric Car Company Opens Downtown Headquarters Los Angeles …

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BYD Electric Cars Electric Cars

BYD Chairman Chuanfu Wang

Monday, October 24, 2011 pm | Updated: 5:01 pm, Mon Oct 24, 2011.

LOS ANGELES — A faded car moved into the automotive and technology future today, as and political leaders from two came together in Downtown Los

At a morning ceremony at 1800 S. St. officials from Shenzen, BYD, along with the of Shenzen Province and other leaders, teamed with Los Angeles counterparts to cut the ribbon on the American headquarters for the company manufactures electric vehicles, power systems, rechargeable and LED lighting. The move will create approximately 150 management and jobs in Downtown, though are far fewer now.

Chuanfu the chairman of BYD, said the Downtown location will be the of the company’s North American sales for electric cars and The facility will also BYD’s research and development that will create of their cars for the U.S.

It will also be our solar and LED headquarters with a focus on sales, technical support, product design, training and support, Wang said in an translation of his remarks.

Perhaps importantly, the Figueroa Street will be a beachhead for one of China’s companies, with more 200,000 employees worldwide, and for a wave of Chinese businesses for a presence in North America.

the bell cow, said Beutner, who during his time as a top to Mayor Antonio Villaraigosa the deal for the city. Beutner is running for mayor.

They are a leader, Beutner continued. personally gotten many calls from Chairman and his colleagues to introduce me to other in Shenzen who’d like to about Los Angeles and the opportunity.

Comeback

BYD, which for Build Your Dreams, was in 1995 with 20 employees. has overseen tremendous growth for the which has offices in countries Denmark, India, Hungary, the and South Korea. During his Villaraigosa noted that has been described as a combination of Edison and former General head Jack Welch.

The label came from Week magazine.

While the may be unfamiliar to many Angelenos, it is no to financiers. It is 50% owned by interests in the States. Investor Warren owns 10% of the company through a of his Berkshire Hathaway.


Charlie vice-chairman of Berkshire Hathaway, at the event that BYD is helping become not just a quick from the West, but an inventor could lead the West in fields.

The deal is the latest in the evolution of the Figueroa Corridor, has long housed a concentration of dealerships, but is now seeing growth at its end related to USC, and development on the tied to L.A. Live. The BYD a few blocks south of the Convention is owned by prominent area the Shammas Group.

In the 1920s, said Darryl CEO of the Shammas Group, the property was to the White Motor Company. BYD came in, the building was vacant and did not earthquake standards for commercial Holter called the fact the site will again a business anchored in auto pretty significant.

They the largest selling electric in China, Holter said, the more than 1 million customers have purchased. they’re not ready to try to enter the market with their vehicles, which is a very market to intervene in, they may be to do that in the next few years.

Jan Perry, whose Ninth includes Downtown, touted the benefits for the area.

BYD has finally brought the cutting technology to Auto Row here on the Corridor, said Perry, who is running for mayor. This was a public-private partnership, and I think it well for us in the future.

Doing the

BYD’s automotive products the e6, a five-seat electric car that can more than 185 miles on a It also manufactures the S6DM, an

Other company products iron-phosphate batteries that do not hazardous or toxic residue, and energy systems and LED lighting for commercial and residential users.

At the event, the company announced a with Hertz to create buses for their shuttles at It will also manufacture cars for Hertz’s Los Angeles fleet.

While the opening of the BYD was widely celebrated, it was no simple Beutner noted that at his meeting with company they said they not interested in locating in the city of Los One deterrent, which Villaraigosa mentioned, was a 12-inch stack of detailing city regulations and matters.

Beutner helped persuade not to reject the city out of hand. He a dinner at his house for the chairman and BYD officials, inviting a batch of Los Angeles civic leaders which to mingle. During a meeting with the company, he together 12 city department He gave them explicit in responding to questions or requests.

boiled down to never no.

I said you can say, ‘Yes, we or you can say, ‘Yes, we’ll Beutner recalled. ‘Yes, look’ doesn’t imply we can or It just means we’re to make an effort to try to understand and see we can do.

Incentives the city provided to the deal included some others can receive, such as a 15% reduction for BYD cars shipped the Port of Los Angeles — all emission vehicles can get that Other offerings were specifically to the company, such as a that those who buy electric will receive a battery in their home within a The city also promised to a BYD car at LAX.

Additionally, improvements to the sidewalks and a of the street took place.

The was publicly announced in April

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