Wang Chuanfu, Chairman of the Board, BYD Auto Co., Ltd. said:
The emergency of alternative fuel powered vehicles, particularly the launch of electric vehicles, leads to a revolution in auto industry. BYD is originally a battery supplier. The technologies change rapidly in this segment. With the breakthrough in battery manufacturing technologies and the urgent demand of alternative powers worldwide, we believe a revolution will definitely come soon. The development of alternative power technologies needs the changes of many technologies, such as the change of energy transformation, the change of regular power system, the change of parts & components for electric vehicles, the improvement of the acceleration performance of electric vehicles, and the change of auto intelligent system.