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    BYD Receives Inaugural Select LA Foreign Direct Investment Award

    June 6, 2018
    BYD has been named the recipient of the inaugural Select LA Foreign Direct Investment “Award of the Year”.
    Related To: RIDE Mobility
    BYD
    Stella Li (middle), president of BYD Motors accepted the award on behalf of the company.
    Stella Li (middle), president of BYD Motors accepted the award on behalf of the company.

    BYD has been named the recipient of the inaugural Select LA Foreign Direct Investment “Award of the Year”. The award was presented on May 24th at the World Trade Center Los Angeles (WTCLA) during the annual Select LA Investment Summit.

    BYD was chosen for making significant contributions to the local economy, attracting new investment to the region, creating good paying permanent jobs, and improving the environment.

    “We are proud that WTCLA recognized BYD’s positive impact on the LA economy, especially our ability to improve the workforce through higher wages and job growth,” said Stella Li, president of BYD Motors, who accepted the award on behalf of the company.

    Established in 2015 in collaboration with the Los Angeles County Economic Development Corporation (LAEDC), the Select LA Investment Summit is the first of its kind to solely promote foreign direct investment in Southern California.

    “Through environmentally sustainable innovation, BYD is increasing the flow of foreign capital to our local economy. Their contracts around the nation will help create more jobs here in Los Angeles,” WTCLA President Stephen Cheung said.

    Bringing approximately $300M in investment capital into the United States since 1999, BYD has created over 800 good-paying jobs for local community and sold more than 700 buses and trucks. Among BYD’s customers is the Los Angeles International Airport, which announced its purchase of 20 electric buses in April.

    BYD is proud to be the first electric bus manufacturer to sign a contract with the Sheet Metal Air Rail and Transportation Workers Union (SMART). The agreement includes competitive wage increases, good benefits, expanded training opportunities, and stronger worker protections.