GlobalBa(eryElectricBusMarket

FrankThorpeUKCountryManagerBYDEuropeB.V.November2016･ London,UK

EnergyCrisis

50 years

The world has 53 years of oil usage left

AirPollu;onPM2.5 mainly from vehicle emissions

AirPollu;onPM2.5 mainly from vehicle emissions

AirPollu;onPM2.5 mainly from vehicle emissions

AirPollu;onPM2.5 mainly from vehicle emissions

HazardsofautomobileexhaustAround65%oftheurbanenvironmentalpolluLon

25%oftheCO2emission70%ofthetoxicgascomesfromautoexhaust

CurrentMainSustainableTransportSystems

Mercedes-BenzCitaroCNG Volvo7900electricHybrid BYDebus-12m

HDBusForecastby2025

LEGEND:Normalfont=2015valuesBOLDfont=predicted2025values

OthersincludeAfrica,Middle-East,RussiaandCIS,Asia(excludingChinaandIndia),andOceania.EuropeincludesWestern,Central,andEasternEurope.

China~79.4k~115.5k

Europe~27.6k~34.9k

N.A.~12.5k~16.2k

S.A.~27.2k~46.1k

OtherMarkets~27.2k~46.1k

India~34.1k~55.2k

HD:10tonandaboveor10mandaboveAllDrivetrainHDbus

Source:Frost&Sullivan

~202kin2015

~328Kin2025

CAGR +4.9%

LEGEND:%denotestherespecLveregion’sforecastshareofelectricbusesoftotalglobalelectricHDbussalesin2025.

OthersincludeAfrica,Middle-East,RussiaandCIS,Asia(excludingChinaandIndia),andOceania.EuropeincludesWestern,Central,andEasternEurope.

China~28k(68.7%)

Europe~3.2k(7.8%)

N.A.~1.6k(4%)

S.A.~2.4k(5.9%)

OtherMarkets~1.7k(4.3%)

India~3.8k(9.4%)

HD:10tonandaboveor10mandaboveFullyElectricBuses

Source:Frost&Sullivan

~5.7Kin2015

~40.7Kin2025

CAGR +21.7%

ElectricHDBusForecastby2025

40.7Kin2025

JapaneseandKoreanmanufacturer

Ba(ery-PoweredElectricTransportSystem

Performance

SpecificEnergy

SpecificPower

Life

Safety

Cost

Performance

SpecificEnergy

SpecificPower

Life

Safety

Cost

Performance

SpecificEnergy

SpecificPower

Life

Safety

Cost

LFP LTO NCM

Performance

Performance

Performance

Over80%

KeyPlayersintheGlobalElectricBusMarket

VariousSource:P&SMarketResearch,etc.

BYD Footprints: 52 cities in EU, 172 cities worldwide

BYDElectricBusandCoachFamilyBYD roadmap will introduce a full spectrum of electrified mini, midi, double-decker and articulated buses and BRT solutions.

8.6m

12m

10.2mdouble-decker 10.8m

18marLculated 12mapronbus

12mcoach

COP21ClimateChangeConference

Global city governments attended the Paris UN/COP21 Climate Change Conference and discussed measures to ban polluting vehicles

ChineseGovernmentSubsidiesforBusesin2016

Ekg(Wh/km·kg)

Standard(10m＜Length≤12m)Pureelectricrange(R,km)

6≤R＜20 20≤R＜50 50≤R＜100 100≤R＜150 150≤R＜250 R≥250

Pureelectricbus

Ekg<0.25 25,850 30,550 35,250 41,125 49,350 58,750

0.25≤Ekg＜0.35 23,500 28,200 32,900 37,600 44,650 54,050

0.35≤Ekg＜0.5 21,150 25,850 28,200 32,900 39,950 49,350

0.5≤Ekg＜0.6 18,800 21,150 23,500 29,375 35,250 42,300

0.6≤Ekg＜0.7 14,100 16,450 18,800 23,500 28,200 35,250

Hybridbus / / 23,500 27,025 29,375

GBP ToBusManufacturers

Length≤6m Standard×0.26m Length≤8m Standard×0.58m Length≤10m Standard×0.812m LengthorDoubleDecker Standard×1.2

Ekg Wh/km·kgEkg=E/M•  E:EnergyconsumpLonperkm(Wh/km)•  M:Weight(kg)

China'sLeadershipinElectrifyingPublicTransport

•  Newenergybusestoreach150,000during13thFiveYearPlan(2016-2020)

•  Chinatobecomeworld'sLARGESTmarketfornewenergyvehicles

•  Newenergyvehiclesubsidiesextendedto2020

•  Around20provinces/ci;esissuedlocalsubsidiestopromotenewenergybuses

TrendofChina'sElectrifiedPublicTransport

2009 2010 2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E 2020E

Vehicle

140,000

120,000

100,000

80,000

60,000

40,000

20,000

0

80%

70%

60%

50%

40%

30%

20%

10%

0%

Annualsalesvolumeofelectricbus Annualsalesvolumeofbus ElectrificaLon

Sales Volume of Electric Bus and Electrification in China,2009-2017E

Source:ResearchinChina

SomeEuropeanIncen;vesforElectricBuses

Low emission bus scheme, UK A total of £30.4 million will go towards public transport improvements across the UK, with around £22.7 million to be spent on new buses and some £7.7 million on new infrastructure projects to help drive down emissions.

Paris, France RATP’s goal for 2025 is to build a bus fleet that is approximately 80% electric and 20% biogas, a renewable non-fossil fuel.

Bucharest, Romania Bucharest‘s General Mayor announced that 30 percents of the 500 new buses to be purchased by RATB will be electric.

ZeEUS the Zero Emission Urban Bus System It aims to be the main EU activity to extend the fully-electric solution to the core part of the urban bus network. The project has a total budget of €22.5 million with €13.5 million provided by the European Commission’s Directorate General for Mobility and Transport.

BYDElectricBusesinUK

October,2016ADLandBYDwonelectricbustenderonMerseyside

March,2015BYDwon13pureelectric12mbusestendertoNonnghamCityCouncil

March,20165unitsofBYDpureelectricdoubledeckerbuslaunched

September,2016DeputyMayorofLondonswitchedonEurope’slargestelectricbusfleetinLondon–51units12melectricbuses

BarriersforPromo;ngElectricBuses

•  Forregulators•  Foroperators

•  Forgreenlobby

CharginginfrastructureandgeneraLngcapacity–bothsolubleHigheriniLalcost–TCOislower;rangeanxiety–nolongerapplies

Electriciscleaner,cheaper,moreavailablethanalternaLvesandisemissionsfreeoncitystreets

TheLmeisrightforallofustotakeurgentacLon

tointroduceelectricbuses

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