Wang Chuanfu, chairman of Chinese manufacturer BYD Auto Company Limited (BYD) joins California Governor Arnold Schwarzenegger and Los Angeles Mayor Antonio Villagraigosa in press confrence to announce that BYD, a leader in electric and hybrid vehicles will locate its North American headquarters in Los Angeles, April 30, 2010 in Los Angeles City Hall. BYD is the first major Chinese mass-production automobile company to locate a headquarters in the U.S. Its decision to choose California was based largely on the Golden State's commitment to nation-leading green policies that create long-term demand for renewable energy automobiles and products. The decision is expected to initially create up to 150 jobs in California. (Photo by Ringo H.W. Chiu)
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