CORRECTION: Majority of BYD's IPO proceeds are for Iron-Phosphate Battery Expansion

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Submitted by Micheal Austin (United States), Aug 24, 2011 15:48

The contents of this artical is False and should be removed.

Contrary to misleading reports out of China (which this article miss-quotes), a majority of BYD's Shenzhen IPO proceeds are dedicated to the expansion of Iron-Phosphate battery manufacturing expansion which is necessary to support the rapid expansion of BYD's eBUS, eTaxi and EV offerings as well as Stationary Energy Storage facilities (multilple-MWhrs) now being completed across China.

The expansion will make BYD the largest Iron-Phosphate Manufacturer in the World and enable our New Energy Vehicle mass production.

Micheal Austin

Vice President -- BYD America

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Title By Date
⇒ CORRECTION: Majority of BYD's IPO proceeds are for Iron-Phosphate Battery Expansion [94 words]Micheal AustinAug 24, 2011 15:48
WWTFS [18 words]DavidAug 12, 2011 09:15

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