BYD in co-operation talks with Iran's biggest bus maker

BYD Auto Europe, the fast developing supplier of pure electric buses, is discussing areas of mutual co-operation with Iran's largest bus maker, AKIA ULTRA.

Following constructive meetings in Turkey this week with BYD senior management, the Chairman of AKIA ULTRA, Mazaher Naseri is to visit BYD's HQ in Shenzhen China next month.

Mr Naseri commented: "We believe there is tremendous potential for pure electric buses - cities across the world share the need to improve air quality on their streets. We are convinced that BYD has a world leading battery technology and we are excited about the prospects for possible cooperation."

Following the talks this week, Isbrand Ho, Managing Director of BYD Auto Europe, said: "We are delighted with this development. We know we have outstanding technology with market leading range and durability - trials in 42 European cities have demonstrated that. Now we are actively looking for partners and AKIA UTR maybe just one of a number we can work with, to anticipate the surging demands in the coming months."

AKIA ULTRA has a production capacity of 1,500 buses a year, more than many better known competitors in Western Europe.

About BYD

BYD Co., Ltd is a leading-edge provider of green energy technologies that specializes in the IT, automotive, and new energy industries. Being the world’s biggest rechargeable battery manufacturer, BYD also has the largest global market share for cell-phone chargers and keypads. BYD branched out into the auto business in 2003, and has kept a robust yearly growth rate successively. In 2008, Warren Buffett invested $232 million to take a 9.89% stake in BYD. Today, BYD is the fastest-growing Chinese auto company and a global pioneer in the field of new energy vehicles including Dual Mode Electric Models and Pure Electric Models.

Based on its core Fe Battery technology, BYD has worked out a Green City Solution, which aims to electrify urban public transportation systems by transitioning from gasoline and diesel buses and taxis to pure electric ones. In March 2012, BYD and Daimler AG officially announced the entirely new EV brand Denza in China.

In addition, BYD has also focused on the Research & Development and manufacturing of a wide range of new energy products, including energy storage system, solar energy products and LED lighting. For more information, please visit www.byd.com,www.byd-auto.net, www.facebook.com/bydauto or email .

For more media information about BYD please contact:

BYD Europe:

Vareseweg 53-59, 3047 AT, Rotterdam

Penny Peng:            +31 –102070888      penny.peng@byd.com