The latest updates on BYD forklifts

BYD forklifts aim to achieve a 30% overseasmarket share by 2025 and become the global leader in new energy forklifts. Itstechnological advantages include:

• Blade battery technology: Energy density increased by 40%, supporting a 10-year lifespan and2-hour fast charging.

• Industrial-specific electronic control: Unique "low-temperature range extension algorithm"suitable for -30℃ environments.

• Cost advantage: 15% - 20% lower than traditional brands in price, and maintenancecosts are only 1/3 of those of fuel forklifts.

BYD forklifts have collaborated with Shell,Bosch and other enterprises to jointly build "zero-carbonwarehouses", and established a production base in Thailand to achieve48-hour parts express delivery. Its product line covers the full range of newenergy forklifts from 1.6t to 3.5t, providing one-stop solutions includingleasing and fleet management.

Recently, BYD forklifts have made thefollowing developments in product technology, market expansion, and productioncapacity building:

• Product technology upgrade: BYD forklifts continuously optimize their new energy forkliftproducts, emphasizing high-performance configurations, including enhancedpower, travel speed, and lifting speed, and integrating advanced battery,electronic control, and motor technologies. For instance, their forklifts areequipped with lithium iron phosphate batteries that require no dailymaintenance, and through bidirectional inverter technology, they achieveefficient energy utilization. In design, BYD introduces automotive-grade qualitymanagement systems and ensures reliability through strict inspection processes.

• Market application and solutions: For industries such as logistics, papermaking, and automotive, BYDoffers customized one-stop new energy solutions to help customers improve workefficiency and reduce usage costs. For example, in the logistics industry,their solutions include a series of counterbalanced forklifts and reach trucks;in the papermaking industry, they focus on promoting heavy-duty forklifts of8.0 tons and 5.0 tons. These solutions aim to improve the indoor environmentand address the pollution issues of traditional fuel forklifts.

• Production capacity building: BYD has built a comprehensive electric forklift base in the NingboIndustrial Park, with a total investment of 500 million yuan, covering R&D,production, sales, and service. The base has an annual production capacity of20,000 electric counterbalanced forklifts and 30,000 warehouse trucks, aimingto radiate throughout China and overseas markets with the Yangtze River Deltaas the center.

• Brand development: BYD forklifts adhere to the concept of "Technology as King,Innovation as Foundation" and strive to become the global leader in newenergy forklifts. Recently, their products have been applied in industries suchas pharmaceuticals, food, and cold chain, and they provide full-processservices to ensure customers have no worries about vehicle usage.