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BYD Company Limited

General Introduction

Established in February 1995, BYD is a top high-tech enterprise in China specializing in IT, automobile, and new energy with integrated research, development, manufacturing and sales.

As the leading ODM supplier relying on vertical integration developing mode, BYD provides all-around service including product design, manufacturing, testing, assembly and after sale service. As the world's largest rechargeable battery manufacturer, BYD has the largest market share for Nickel-batteries and handset Li-ion batteries worldwide; BYD iron battery technology is of the lead position in the whole world. As a top ODM provider in the industry and a top supplier of mobile phone parts, BYD has the largest market shares for keypads and cell-phone chargers and the second largest market shares for cell-phone shells.

On January 22, 2003, BYD purchased Xi'an Tsinchuan Auto Co., Ltd. (now BYD Auto Co., Ltd.) and officially entered the auto industry. As a rapidly growing and innovative auto company, BYD's auto products and services include fuel and electric vehicles as well as auto molding and auto parts manufacturing. Its selection of vehicles include traditional high quality fuel vehicles F3, F3R, F6, F0, G3, hardtop convertible S8, and dual mode electric vehicles F3DM. In the near future, BYD will build up its various product lines including F-, S-, M-, G-, L-, and i- series, become a leader in the market with its excellent quality and reasonable price, and commercialize dual mode and pure electric vehicles in order to lead the world into a new era of electric vehicles.

BYD is committed to developing new green energy. It has developed electric vehicles, energy storage stations, solar power stations and other green energy projects. In the future, BYD will continue to lead the new energy revolution and help more countries in the world to get rid of oil pollution problems and relevant economic problems. All the people in the world will benefit from China's technological innovation!

Robust Growth

By the end of 2009, the company's total assets approached RMB40.7 billion with its net assets surpassing RMB19.0 billion. The company has always maintained an amazing development speed: in 2007, the sales volume was RMB21.2 billion, with a gross profit of RMB1.7 billion, and a total tax payment of RMB1.5 billion; in 2008, the sales volume was RMB26.8 billion, with a gross profit of RMB1.3 billion, and total tax payment of RMB2.5 billion; in 2009, the sales volume was RMB39.469 billion, with a gross profit of RMB4.5 billion, and total tax payment of RMB3.0 billion.

BYD's employees and industrial parks have increased drastically during BYD's rapid development. BYD has developed from 20 employees in 1995 to a corporation with 200,000 employees and 11 industrial parks across China by Mar., 2010, including sites in Guangdong, Beijing, Shaanxi, Shanghai, and Changsha, totaling over 17,000,000 sq. m. It also has offices in the United States, Europe, Japan, South Korea, India, Taiwan, Hong Kong and other regions.

Asset Market

On July 31, 2002, BYD was listed on the Hong Kong Stock Exchange, setting the record of the highest issuing price among the 54 H shares. In the same year, BYD was named Asiamoney's "Best Managed Newly Listed Company" and The Asset's "Best Mid-Cap Equity Deal".

On December 20, 2007, BYD Electronic (International) Co., Ltd. (SEHK:0285) went public on the Hong Kong Stock Exchange.

On September 27, 2008, MidAmerican Energy Holdings, a unit of US billionaire investor Warren Buffett's Berkshire Hathaway Inc., took an approximately 10% stake in BYD by purchasing 225,000,000 new shares issued at HK$8.00 (US$1.03) per share - an investment of approximately HK$1.8 billion or US$230 million. This transaction will play a strategic role as BYD expands its operations in North America, Europe, and around the globe.

Industrial Strength

IT Business:

As a one-site mode supplier of cell phones, BYD manufactures various excellent cell phone components. As the leading ODM supplier relying on vertical integration developing mode, BYD provides all-around service including product design, manufacturing, testing, assembly and after sale service.

It includes Rechargeable Batteries, Plastic Mechanical Parts, Metal Components, Metal Electronics, Keypads, Microelectronics, LCD/LCM, LED Products, Opto-Electronics, FPC, Chargers, Connectors, UPS, DPS, PV, Cell Phone Decoration, Cell Phone Design, Cell Phone Testing, Cell Phone Assembly, Laptop PC design, validation and Assembling.

BYD has earned a large and stable customer base owing to its reliable product quality. Currently, its IT Business Unit's customers include international cell phone giants Nokia, Motorola, Samsung, Sony Ericsson, Kyocera, Phillips, prominent domestic cell phone companies Huawei, ZTE, Lenovo, as well as cordless phone experts Vtech, Panasonic, and Sony.

Automobile Business:

BYD has 7 world-class vehicle production facilities in Xi'an, Beijing, Pingshan, Huizhou, Shanghai, Changsha and Shaoguan and more than 500 sales and service centers all over the country. It has achieved complete supply-chain integration, combining R&D, design, mould manufacture, whole-vehicle manufacture, sales and service. While continuing to advance its capacities and capabilities, BYD has attained state-of-the-art abilities in model R&D, mould developing, and whole-car manufacturing. It strives to make itself a world-class automobile brand, and provide leadership in the automobile industry.

BYD Auto becomes the most innovative independent national auto brand with a growth rate of over 100% for recent consecutive 5 years. In 2005, about 20,000 BYD vehicles were sold; in 2006, about 60,000 BYD vehicles were sold; in 2007, about 100,000 BYD vehicles were sold; in 2008, about 170,000 BYD vehicles were sold. From August in 2009to May in 2010, F3 won the national champion for 10 months consecutively. In 2009, over 448,000 vehicles were sold, a year-to-year increase of 162%.

Besides traditional vehicles, F3DM, the world's first dual mode electric car independent of specialized charging stations, officially hit the market in Shenzhen on Dec. 15, 2008. By integrating auto manufacturing, battery technology, electrical system, automotive electronic technology and many other cutting-edge technologies, F3DM has become an ideal combination of energy saving, environmental protection, fashion, science and technology.

As the front runner of both electric cars and rechargeable batteries, BYD rapidly mastered the key to electric cars. It possessed the technology and conditions of realizing large-scale commercialization of the more energy-saving and environmentally friendly electric auto products, and will play a leadership role in the adaptation of new energy vehicles around the world.

New Energy Business:

Electric Vehicles

Electric Vehicles have broad developmental foreground in the fields of urban public traffic and individual traffic. On December 15, 2008, BYD F3DM, world's first dual mode electric car independent of specialized charging stations, hit the market in Shenzhen. In 2009, with the launch of an all-electric vehicle, BYD is realizing the dream of the world auto industry 20 years ahead of time.

Energy Storage Stations

Based on its core technology Fe Battery technology, BYD has realized energy storage and formed technology support for intelligent network. Relying on the advanced Fe Battery technology, BYD energy storage station can meet the demands of storing energy, cutting peaks as well as filling valleys, solve storage difficulties in the construction of intelligent network, and provide technical support to intelligent network and smooth power fluctuations of wind, solar and other new energy sources. Meanwhile, BYD energy station has evident advantages in cost and operation life and broad application prospect comparing with pumped storage, compressed-air energy storage, flywheel energy storage and other existing energy storage technologies. Energy efficiency arrives as high as 90%, far higher than that of pumped storage, which is 60% to 70%. BYD Energy Station has prominent economic efficiency, large demands and broad application foreground. Global electricity demand grows year by year; load disparity of electricity peaks and valleys becomes larger and larger. As a new technology, battery energy storage station will bring revolutionary technical changes to grid energy storage field and bring huge social and economic effects.

Solar Energy Stations

Adopting innovative technologies and processes, BYD has drastically reduced the cost of applying solar energy, endowed solar electricity a cost equal to that of coal electricity, solved the problems of manufacturing and supplying silicon which had severely impeded the development of solar energy industry, accelerated the process of applying solar energy, and posed great and profound significance to the healthy development of the New Energy Business Unit.

Independent Innovation

To have sophisticated research on high-tech products, technologies, industries, and markets, BYD established several research organizations - the Central Research Institute, Auto Engineering Research Institute and Electric Power Research Institute. With abundant experience and data on developing new products, BYD's R&D team is proficient in product design and project management for hardware, software, and testing. Furthermore, BYD establishes a quality standard for systematic design and development process. It gradually builds the technology development platform to perfection, combining international trend with its own characteristics. Among all the employees, 10% are technical personnel.

In addition, BYD establishes relevant research departments, mighty R & D teams and specialized labs in each product department to analyze customer demand characteristics in diversified fields and develops suitable products and service for diversified fields in technological perspective.

Central Research Institute

Central Research Institute, its predecessor was founded in March 1997 as Central Research Department, and changed its name to Central Research Institute in April 2005. In strong support of BYD Group's, CRL's continuous efforts, sustainable development, personnel quality and research level to a new level, with its strong research and development as a strong corporate backing, so that BYD can gain a firm foothold in the fierce market competition, and continue to grow and develop. After nearly 12 years of rapid development, CRL has already been more than 300 R & D Engineers, R & D headquarters is founded in Shenzhen, Ping Shan Industrial Park. Has 10 research units: Institute of Surface Technology, Dept. of Optoelectronics Technology, Dept. of Metal Materials, Dept. of Applied Materials, Dept. of Engineering Plastic, Dept. of Rubber Materials, Dept. of Advanced Ceramic, Dept. of Functional Materials, Dept. of Magnetic Materials, Engineering; a Materials Analysis and Test Center; and six functional departments: HS management committee, NPI project department, Finance, Procurement Section, Personnel Division, Dean's Office.

CRL has completed a number of R & D and scientific research results (products) in industrial production, research related to non-nickel-plating, plastics, surface water treatment technology transfer, the metal surface of the plastic decorative PVD technology, micro-arc oxidation of metal surface treatment, anodic oxidation treatment technology, metal injection molding technology, a variety of automotive-related products and miscellaneous rubber parts, automobile and IT industry related to a variety of plastics and specialty plastics, and automotive coatings and paints a variety of related products, laser engraving technology, laser holography technology.

After BYD strong investment and rapid development in recent years, now CRL has made considerable progress in the field of new materials, new technology research. CRL adhere to the road of industrialization on the basis of doing basic research and development. The Product Office was set up in April 2007, for the purpose of industrial development to provide strong technical and platform support. According to company's development needs, The Product Office have been incorporated into Division 18 In February 2008. At the same time, NPI projects Department was formally established, adopt a new management concept and management models, by the NPI project department to guide new projects into project management and production work. NPI Project Department is responsible for a full course of follow-up of new projects, assist and advance the progress from the project, quality, cost, risk and other aspects of effective controls to ensure that research and development phase of new projects by the efficient and smooth transition to volume production, lowering overall project risks.

As the company's core R & D institutions, industrial development for the division to provide advanced technical support, long-term sustainable development of the company's strong technical backing. Since its establishment, the date of the CRL, adhering to company "technology is king, innovation-oriented" philosophy, not only committed to a variety of new materials research and development, and actively develop high-tech industries, but also for the Company's business unit to provide a variety of technical support to improve product quality and production efficiency; the same time, reserves of the company's development of composite high-level talents for the company's long-term development to provide an endless power.

Auto Engineering Research Institute

The Auto Engineering & Research Institute was founded in August 2003. As BYD's auto R&D center, it has the capability of new vehicle designing and development in house, possesses a series of key technologies on car styling, body, chassis, interior and exterior decoration, electric appliance, and CAE & NVH analysis. It has successfully developed many car models such as F3, F3R, F6, F0, S8, G3, M6 and F3DM, and has many new car models under developing, among which there is SUVs, Buses and Sedans for family or business use. Besides, Auto Engineering & Research Institute holds all-round design ability and professional test capability, which guarantee the strong development of BYD auto unit. After nearly 6 year's development, BYD Auto Engineering & Research Institute has formed a faculty of 2,000 engineers until 2009, relocated to the company's headquarter Ping Shan and established 3 functional departments, General Office, Cost Section and HR Section, to support its operation, and 11 departments of car design or vehicle engineering, i.e. Integration Design Department, Car Body Department, Auto Electrical Department, Chassis Department, Interior & Exterior Department, E-bus R&D Department, CAE Department, NVH Department, Auto Safety Research Department, Auto Material Research Department Prototyping Department, ID Design Center, and Vehicle & Auto Parts Testing Center.

As a technical department of vehicle design and development, Automotive Engineering Research Institute undertakes in-depth technical study so as to achieve breakthroughs constantly in vehicle design, and to enhance the overall research and development capabilities.

The widespread use of computer technology in Automotive R&D process has greatly accelerated the pace of vehicle development and reduces cost. BYD Auto Engineering & Research Institute is capable of three-dimensional engineering design, and CAE strength and collision simulation. In recent years, we will focus on the following computer simulation areas: virtual reality modeling technology, vehicle size control engineering, CFD, NVH, early fatigue analog control, etc..

Rapid prototyping is frequently used in the modeling and design process to verify the structure and arrangement of parts. BYD has already formed a team with strong prototyping means and capabilities, and have taken the leading position among domestic own-brand counterparts in the areas of simulation car production, vehicle pre-production, production of half section demo car and prototype hand sheet metal parts through using of advanced processing technology during production.

Automobile is a test of science to some extent, and capability of testing labs is essential for the development of automotive products.

In recent two years, BYD invests a lot to raise the overall level of its original test facility, and has built several world class laboratories for essential vehicle tests.

The main building and the extension include 98 labs such as material testing room, the surface properties laboratory, magnetic laboratory, airbag pulley lab, multimedia lab, semi-anechoic chamber, EMC lab, engine test room, and gearbox performance test room, etc,.

BYD proving ground was established in October 2007, based on the landform, the overall design shaped like a handset.

It covers a total area of 230 acres and consists of three main parts, the high-speed ring road for continuous high speed road test, the stress testing road which includes different types of road surface for fatigue and reliability tests, and the performance test facilities, which include performance tests square, a long straight test road, brake test road and an test slopes.

Therefore, most of the test requirements in the development process of a new model can be satisfied in-house.

NVH performance of the vehicle relates directly to passenger's feeling of smoothness, comfort and sound definition. A large-scale NVH lab can provide a better research platform of the vehicle NVH problems.

Thus BYD is undertaking the construction of a semi-anechoic chamber for four wheel drive vehicle, an anechoic chamber, a reverberation room, and a model test lab. We also plan to establish a series of NVH test labs, such as semi-anechoic chamber for four wheel drive power train system, an abnormal sound diagnostic lab, etc., so as to support our in-depth NVH studies.

BYD crash test facility provides good inspection platform for BYD car models and good means for quality control. When construction finished, it will be capable of conducting all round collision tests like front, side, offset impacts, rolling test, pedestrian protection test, etc., which will be helpful for the study of body construction and vehicle interior and exterior design.

EMC test lab is equipped with an advanced 10 meter dark chamber, CISPR25 dark chamber, large scale four wheel drive dynamometer and other testing equipments, and will become a global top-ranking EMC test lab after construction, which is capable of conducting all round EMI, EMS tests of vehicle and electrical components.

As the core research department, the Auto Engineering & Research Institute provides powerful technical support to the continuous development of BYD Auto. It faithfully follows the BYD corporate strategy "Technology-based and Innovation-oriented", and commits itself to upgrading the R&D ability, optimizing vehicle design, improving the products quality, reduce the projects cost and shorten the lead time of development.

Electric Power Research Institute

Founded in Dec.2008 in Ping Shan, Shenzhen, the headquarter of BYD Company Limited, BYD Energy Power Research Institute is committed to energy power science and renewable energy development and application with the purpose to cope with the intensifying crisis of global warming as well as energy shortage with high-safety and highly efficient energy solutions. Current research subjects of the institute focus on energy storage system and PV generation system design and application. There are more than 200 employees specialized in technology development and management by the end of 2009.

BYD Energy Power Research Institute offers customers and partners covering domestic or foreign governments, grid operators, energy power research organizations or business utility with high-safety and highly efficient energy storage solutions featuring a wide technology portfolio covering renewable energy generation, power transmission and distribution, power feedback with battery storage system, communication as well as product development, facility construction, operation status monitor, etc.

Within only 7 months, BYD Energy Power Research Institute has successfully established a 1MW battery based energy storage station, 200kW energy storage container and a 1MW PV Generation. The 1MW battery based energy storage station is the ever first one in the world with Fe-battery as storage media with following functions: Peak shaping, load leveling, power quality improving, and utility efficiency improving. The storage container is characterized with following functions: Short construction lead time, longer life, easy accessibility, higher reliability, less pollution, and less space. It has promising market foreground. The 1MW PV generation, bearing a design capacity of 1MW and with an area of 12,000 sq.m., is empowered with the in-house developed Multi-crystalline PV panels with 14.7% conversion efficiency. It has been put into application and well worth visits.

Intellectual Property Rights

BYD established the Intellectual Property Rights and Law Management Department, handling intellectual property right issues and legal affairs. By Mar 4, 2009, BYD has been granted 2362 patents. BYD has complete intellectual property rights on its products and proprietary production systems, which endows the company powerful core competitiveness.

To meet the international market competition and ensure corporate long-term development, BYD constitutes hybrid offensive and defensive intellectual property strategy.

To occupy markets by intellectual property manners, it can be mainly realized by offensive sub-strategies such as basic strategy, competitive strategy, peripheral strategy, permission strategy, litigation strategy and so on, gradually establishing protective barriers of intellectual property. To break the monopoly situation in the market and ameliorate passive position in competition, it can be mainly realized by defensive sub-strategies embracing applications for defensive patents and invalid opponent patent, using known techniques to defense, open literature, bypass and cross-license, using ineffective intellectual property rights and litigation strategies, thus establishing defensive positions for intellectual property rights.

Merely in 2008, BYD applied 1500 patents, ranking the 4th place in the national patent list. By far, BYD has been granted over 2,300 patents. It is the importance attached to technology that enables BYD to win overseas patent trade battles which had once defeated many Chinese enterprises.

Quality Guarantee

BYD always adheres to the quality management principle of "Be pragmatic and innovative, with customers first". It established a series of integrated proprietary management systems by having a team of experienced management experts draw from BYD's successful experience and referencing quality management models used by world's leading enterprises. The management system contains 9 sub-systems with 19 modules, and has passed the DNV'S ISO9001, ISO14001 and OHSAS18001 certifications. This integrative management system aims at risks prevention and continuous improvement, sets up precise and effective management flow, employs professional teams, and embeds advanced checking and testing methods in the production process, which work together to ensure that the products quality can be greatly improved and the customers' requirements can be satisfied. BYD has obtained domestic and international honors and awards many times on its quality. It has also been evaluated as an "enterprise exempt from export inspection" by the State Bureau of Supervision and Quarantine, and awarded Motorola's "first-class supplier award" owing to its IT Business Unit's remarkable quality.

On the starting point of "manufacturing Chinese vehicles with the least defects", BYD Auto has built up quality management system fit to its own development based on vertical integration of this business. On product quality, through the implementation of "741 Project" and "OPN Project", BYD Auto has fully integrated customers' requirements into the requirements on specific products and service. On quality management, BYD Auto has successfully received DNV ISO9001 certification, originally constituted the internal audit systems on the combination of its own characteristics, and established "sustainable improvement prize" to fully mobilize the enthusiasm of all employees, thereby improving quality on the basis of normative systems and the creativity of all the staff.

BYD Auto Testing Center, covering an area of about 180,000 square meters, possesses more than 60 specialized labs for whole vehicles, parts and automotive material, has various advancing testing instruments and 1200 unit equipments, and forms a specialized test team with 400 people adhering to the "Science, Testing, Service" concept and possessing rich-experienced and technically proficient testing method research. Testing center is mainly responsible for vehicle model validation tests, product shaping tests, regular sampling tests, testing equipment researches and manufacture tasks, providing powerful technical support and guarantee for corporate vehicle R & D and quality control.

Meanwhile, BYD puts in great effort to spread a quality culture of "Employees' development comes before product's development", in an effort to improve the staff's quality consciousness. It is building a work environment where everyone pays attention to quality and everyone devotes to quality production, further promoting BYD's product quality and portraying BYD's high quality image.

Human Resources

BYD now has around 200,000 employees, in which 10% are technical personnel. Powerful R&D strength is the fundamental force of BYD's development while the outstanding team of employees guarantees BYD's continuous rapid development and realization of the company's strategic target. BYD always regard being people-oriented as its key HR policy, and implements it by respecting people, training people, kindly treating people, and establishing a fair, equal, open working and development environment for its employees.

As an important part of BYD's strategic management, human resource strategy has long and effectively supported the company's development. It has a strict and earnest recruiting system tailored to meet its internal human resources demand and the external environment. With its wide-ranged and effective training system, fair and reasonable evaluation system, and the well-structured, incentive-based compensation system, BYD has enrolled, trained and developed a large number of qualified talents.

After over ten years of practice and exploration while adhering to the principle of "people first", BYD proactively conducts professional training and personnel development sessions, which greatly promoted the staff's personal and professional capabilities. The professional and talented team brought the company's management and development to a new level and improved BYD's competitiveness worldwide.

Corporate Social Responsibility

While being dedicated to constructing an enterprise with international competitiveness, BYD constantly cares about social progress and contribute to charitable causes as part of its commitment to Corporate Social Responsibility. BYD pays close attention to and actively takes part in various public efforts such as disaster relief, donation to education, contributions to social welfare, and support of culture and sports. Examples of BYD's strong sense of love and social responsibility can be seen in its generous contributions to local education, efforts to fight SARS, donations to the Southeast Asian Tsunami, donations to the South China Flood, and the Sichuan Wenchuan Earthquake relief and rescue efforts. BYD is very clear about the social responsibilities that companies need to assume, and seeks to lead by example - BYD has been constantly recognized by the general public for its efforts to improve the world we live in.

Since its establishment, BYD sought every opportunity to contribute to education. BYD has extensively contributed to the improvement of local education by donating to the Central Primary School of Longgang Town, Kuichong Central Primary School, Zuoquan Primary School, Shenzhen Middle School, and others. In Nov. 2009, in response to "Love donation to education, affection for rural areas" activity of Guangdong Provincial Charity Federation, BYD donates to 33 schools in poverty-stricken areas in Guangdong with a total amount of RMB1million to improve the poor conditions in these areas to help mountain kids realize their dream of studying.

In 2007, under the direction and leadership of President Wang Chuanfu, BYD decided to establish the BYD Children Welfare Institution, in which it spent RMB40 million as an initial payment, and organized a special team in charge of the project. The BYD Children Welfare Institution adheres to motto of "doing everything to take care of all aspects of the children's lives" and the principle of "love others as you love yourself while serving the society". The establishment of the BYD Children Welfare Institution is an excellent example of BYD's attitude and determination towards social welfare. It reflects BYD's honorable corporate culture and spirit, and demonstrates President Wang's noble personal quality and character.

In 2008, after the destructive Sichuan Wenchuan earthquake, the company paid close attention to the situation and peoples' living conditions in the disaster-hit areas. BYD's initial step was to donate RMB100 million and immediately dismount 1000 hoisting jacks from new cars - which were quickly delivered by air through the army-to be used to save as many lives as possible at the rescue sites. Later, President Wang Chuanfu led the top team of the company to personally donate RMB 3 million to help rebuild schools destroyed in the disaster. The company also organized donation activities many times among its staff and arranged to comfort staff affected by the disaster, helping them overcoming difficulties and reconstructing homes. The company compassionately admitted 5 students from the disaster-afflicted areas into its Shenzhen BYD Middle School. In addition, via contacts obtained during the relief effort, BYD also arranged for over 40 graduates to work in the company. Emerging from the earthquake, BYD's selfless contribution to the relief effort received praise and appreciation from all sectors of society.

In November, 2009, BYD set up scholarship in Zhongnan University, with an amount of RMB 620,000 per year and a total amount of RMB 12,400,000 in 20 years. Zhongnan University BYD Scholarship includes Excellent Student Scholarship and Excellent Teacher Scholarship. 100 students, including 60 undergraduates, 30 masters and 10 doctors, can receive the Excellent Student Scholarship, an amount of RMB 5000. The Excellent Teacher Scholarship is awarded to 10 teachers.

A sense of love and charity is an essential part of a great enterprise spirit and noble human character. BYD has taken on social responsibility as an important part of its enterprise spirit, insisting on contributing back to the society, improving social welfare, advocating an enterprise with a sense of love, and trying its best to contribute to the society's rapid development.

Corporate Culture

BYD is constantly committed to constructing a strong corporate culture and sharing its prosperity with all of its employees. BYD is devoted to carrying out its core corporate culture of equality, factuality, passion and innovation, adhering to a technology based and innovation oriented development concept, and striving to realize a high retention rate through its vast opportunities in career advancement, excellent working environment, and its employees' love for the company.

Family Culture:

Since the establishment of BYD, it has always advocated a family culture, where it works hard to have employees regard the company as a family, and love the company as a family. It not only humanizes its management staff but also requires them to be family-like. The company establishes a kind and comfortable working environment by providing family-style food, accommodation and other basic services, organizing various training and team building activities to construct smooth and effective communication channels between staff and management, which all work together to make its staff feel the warmness and care of home.

BYD invested large amount of money to construct the Comprehensive Cultural and Sports Center, a complete cultural and sports facility with splendid activities provided to enrich the staff's work-life balance. The opening of the BYD Middle School and the BYD Technical School has provided convenient schooling to its staff's children by providing state-of-the-art facilities; garden styled teaching environment, excellent teaching staff, and inexpensive tuition.

Quality Culture:

BYD seeks to develop its culture of quality and excellence through a long term development initiative. The direct meaning of "Employees' development comes before product's development" put forward first by President Wang Chuanfu is that employees' quality decides products' quality. Many aspects completed involved in the establishment and implementation of various systems, researching and manufacturing of products and quality systems are achieved by employees. Employees' quality directly decides these qualities. Based on the awareness of the importance of employees' qualities, the concept of "Employees' development comes before product's development" thus comes into being. As the development of its corporate culture continues to progress under the theme of "Employees' development comes before product's development", the meaning of "BYD quality" will rise to a new level and become a pillar of the company's development.

Earnestness:

Earnestness is a working attitude positively devoting oneself to work, responsible, detail-regarded, perfection-pursued, of strong implementation and persistent working attitude. BYD generalizes "earnestness" in the whole company as a assess standard in the hope that every employee could treat everything earnestly and responsibly. BYD integrates "Earnest Spirit" into corporate culture so that earnestness becomes the typical label of BYD people. BYD will win market with earnestness and build corporate competitiveness with earnestness!