BYD Opens HQ In Los Angeles

Chinese electric vehicle manufacturer BYD said Monday that it has opened up its headquarters in Los Angeles, which will serve as its North American Headquarters. The firm, which is backed by Warren Buffett's Berkshire Hathaway, said that its new headquarters is located along the Figueroa Corridor in Los Angeles, and will bring up to 150 engineering and management jobs into the city. BYD had said it would be opening up a headquarters in LA back in April of 2010, after efforts by Los Angeles Mayor Antonio Villaraigosa and then-California Governor Arnold Schwarzenegger to attract the company to the area. Separately, BYD said it has partnered with Hertz Car Rental to provide all-electric shuttle buses to the car rental provider, and all-electric vehicles to the Hertz car rental fleet at Los Angeles International Airport; financial details of that deal were not announced.