Interview with BYD chairman

Added On October 10, 2017

The chairman of Chinese automobile manufacturer BYD says the company is trying to develop a new model of expanding in overseas markets with an emphasis on localization and win-win results.
Wang Chuanfu made the remarks in a recent interview with CNC, as BYD unveiled its newly expanded electric bus factory in Lancaster, California. 
"I believe BYD has a unique way for success. Many Chinese companies try to reduce the cost as much as possible and sell products at low prices to get a market share. However, we focus on technology and products that can meet customers’ special needs. At the same time, we create jobs. Our electric cars also help California tackle climate change, improve air quality and traffic condition. This is how we meet their needs."
BYD opened its first electric bus factory in Lancaster in 2013. 
Four years later, the factory was renovated, with a fourfold increase in its size. Now it is the biggest electric bus factory on the entire American continent. 
BYD accounts for over 80 percent of the electric bus market in North America and it has over 40 major clients.
"We are solving problems with technology we've developed. We try to fix urban problems such as air pollution and traffic congestion. China is a nation with rapid urbanization and a huge number of cars. These lead to a series of problems including air pollution and traffic jams. And many countries along the Belt and Road face the same problems. So as we're trying to solve the problems, we are helping these countries at the same time."
The BYD factory also assembles battery-electric medium and heavy-duty trucks, including delivery, drayage, refuse and yard trucks, among other product lines. 
By the end of 2017, BYD will deliver 70 all-electric trucks to 15 customers in North America, among orders for more than 140 trucks so far.
"We are doing business in the United States. But we try to make it clear to U.S. companies and politicians that we are not stealing their opportunities. We're doing business in a win-win way and they are willing to do business with us. I think this is much better. Because we do a lot of work in localization and we win support from local politicians as well as from the market."
The BYD factory in Lancaster has already created nearly 800 full-time jobs throughout the state. And its expansion will enable the company to hire up to 1,200 full-time workers at top production-line capacity.
The factory is powered 100 percent by renewable energy, which is provided by the City of Lancaster's Energy Company, Lancaster Choice Energy.