BYD Company Ltd. intends to invest CNY 1.5 billion ($220 million) in the first phase of construction of its new Chinese vehicle testing track and auto component manufacturing facility based in Shaoguan, Guangdong province. As part of the company's agreement with the provincial government of Guangzhou, the new facility will generate production valued at CNY 1 billion per year upon its completion.

Foshan Plastics Group Co., Ltd. announced that it and BYD Company Ltd. will inject a total of $5.24 million into a joint venture called Foshan Jinhui Hi-tech Optoelectronic Material Co. Ltd. for investment in a RMB 105-million plant that will produce membranes for Lithium-ion batteries. The plant, which will be completed in 18 months, will have an annual output of 45 million cubic meters or 542 tons. It will generate an estimated RMB 229.03 million in sales revenue every year, and after-tax profit will be RMB 62.5 million.

BYD Company Ltd. reported sales results for the month and nine months ended September 2009. For the month, the company sold 44,000 vehicles soaring 88% from a year ago and hitting a record high since its establishment in 2003. Total sales volume of the BYD F3R, which hit the market just one month ago, approached 5,000. For the first nine months, the company sold nearly 300,000 cars, accounting for 75% of its sales plan for the entire 2009, and the figure was 50% higher than that in the full year 2008. The company is scheduled to launch four new car models, including the G3, M6, S6, and L3, from October to December. Presently, it is actively preparing for test of the pure EV (electric vehicle) e6, and the commercialization will likely be completed before this yearend.