JKH partners with BYD for New Energy Vehicle Business in Sri Lanka

Shenzhen, China – On November 21st, 2023, BYD, the world’s leading manufacturer of new energy vehicles, announced its collaboration with Sri Lanka’s largest listed conglomerate John Keells Holdings PLC (JKH), to provide cutting-edge new energy vehicles (NEV) to the Sri Lankan market.

The signing ceremony took place at BYD’s global headquarters in Shenzhen, attended by Mr. Liu Xueliang, General Manager of BYD Asia-Pacific Auto Sales Division, and Mr. Krishan Balendra, Chairperson of the John Keells Group.

Signing Ceremony, Mr. Liu Xueliang, General Manager of BYD Asia-Pacific Auto Sales Division, Mr. Krishan Balendra, Chairperson of the John Keells Group

Speaking at the ceremony, Mr. Liu Xueliang expressed his enthusiasm for the partnership: “We are delighted to have our Sri Lanka partner JKH to our Global Headquarters. In the past 28 years, BYD has been unwavering in its commitment to technological innovations and its green dream. We’re striving to align diverse lifestyles with eco-conscious mobility choices globally. This collaboration enables us to offer a range of advanced, eco-friendly passenger vehicles in Sri Lanka, furthering our mission to integrate eco-conscious with diverse lifestyles, and making ‘electric vehicle’ the ‘essential vehicle’ in people’s daily lives.”

Echoing the sentiment and emphasizing their commitment to sustainability, John Keells Group Chairperson Krishan Balendra said: “ESG is firmly entrenched in our business process, workplace culture and community outreach. With our commitment to achieving a sustainable future for the country, we look forward to the exciting opportunities the partnership with BYD holds. Through this partnership, we will bring advanced NEV models to Sri Lanka, letting our people experience the world’s leading technologies of NEV and contribute to an eco-friendly and sustainable Sri Lanka.”

After decades of perseverance in innovation and technology, BYD has achieved remarkable expertise in core technologies of the entire industrial chain of new energy vehicles, including batteries, electric motors, and electronic controllers. BYD also stands out as the sole producer of New Energy Vehicles globally that has independently developed its powertrain systems, power batteries, drive motors, and motor controller systems.

Currently, BYD’s new energy vehicles span 6 continents, over 70 countries and regions, and more than 400 cities. In 2022 alone, BYD sold more than 1.86 million new energy vehicles globally. Notably, on 9th August 2023, BYD became the world’s first automaker to roll off its 5 million NEV from the production line.

About BYD

BYD is a multinational high-tech company devoted to leveraging technological innovations for a better life. Founded in 1995 as a rechargeable battery maker, BYD now boasts a diverse business scope covering automobiles, rail transit, new energy, and electronics, with over 30 industrial parks in China, the United States, Canada, Japan, Brazil, Hungary, and India. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions that reduce global reliance on fossil fuels. Its new energy vehicle footprint now covers 6 continents, over 70 countries and regions, and more than 400 cities. Listed in both Hong Kong and Shenzhen Stock Exchanges, the company is known to be a Fortune Global 500 enterprise that furnishes innovations in pursuit of a greener world. For more information, please visit www.bydglobal.com.

About BYD Auto

Founded in 2003, BYD Auto is the automotive subsidiary of BYD, a multinational high-tech company devoted to leveraging technological innovations for a better life. Aiming to accelerate the green transition of the global transportation sector, BYD Auto focuses on developing pure electric and plug-in hybrid vehicles. The company has mastered the core technologies of the entire industrial chain of new energy vehicles, such as batteries, electric motors, and electronic controllers. It has witnessed in recent years significant technological advancements, including the Blade Battery, DM-i Super Hybrid Technology, e Platform 3.0, CTB Technology, e⁴ Platform, BYD DiSus Intelligent Body Control System, and DMO super hybrid system. The company is the world’s first carmaker to stop the production of fossil-fueled vehicles on the EV shift and has remained top of new energy passenger vehicle sales in China for 10 years in a row.