BYD recognized with IFOY award for its superior electric battery technology

BYD, a worldwide battery electric technology leader, is turning heads in the materials handling and logistics industry with its electric forklift ECB18C, which was awarded the prestigious IFOY Award at CeMAT 2016, the world’s leading trade fair for intralogistics and supply chain management.

The IFOY award winner is selected by an international jury from economic, science and technical media, who bestowed the award upon BYD in recognition of the ECB18C’s economic and sustainable battery technology.

“We are very pleased with our victory and the IFOY AWARD for our BYD electric forklift ECB18C in the category of counterbalance forklifts up to a loading capacity of 3.5tons,” Javier Contijoch, director BYD Forklift Europe, said following the award presentation at CeMAT. “This award is also a confirmation of the outstanding advantages of the BYD electric forklift series.”

“BYD’s electric forklift is truly leading the industry with its superior battery technology, and we’re proud this has been recognized by outside experts,” said Brendan Riley, vice president of materials handling for BYD Heavy Industries in the U.S. “We recognize the importance of providing operational costs savings matched by reliability and high performance and that is what we have achieved with the BYD ECB18C forklift.”

According to the current IFOY innovation report, the advantages of BYD’s iron-phosphate technology as a real innovation are of particular importance. The report states, “use of iron-phosphate as the cathode material offers significant advantages. The battery has a higher output density, which has positive effects in particular for forklifts”.

Additionally, the report confirmed that BYD’s electric forklifts offer “longer lifetime and improved operating safety” and that longer working times in refrigerated warehouses are possible with the BYD electric forklift “due to a low temperature resistance down to minus 40°C.” The environmental compatibility and cheap disposal of the BYD battery are achieved by “not using cobalt” as well as a “lower lithium demand.”

BYD’s iron-phosphate battery technology has unique features offering unparalleled operating cost savings of up to 40 percent without compromising performance and reliability, as well as technology providing a full replacement warranty of 10 years or 20,000 operating hours in North American markets. The forklift may continue to be used for many years after the warranty time has expired, since at least 65 percent of the battery capacity is still available. The charging system means there are no battery gases to escape, and this saves on costs for costly charging rooms that take up valuable warehousing space.

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About BYD

Since its inception in 1995 in Shenzhen, China, BYD Company Ltd. quickly grew into a green-tech giant and relentless advocate of sustainable development, as well as a pioneer in successfully expanding its New Energy solutions globally. Specializing in battery technologies, its sustainability mission to create a Zero Emission Energy Ecosystem – comprising affordable solar power generation, reliable energy storage and cutting-edge electrified transportation – has made the company an industry leader in the energy and technology sectors.

BYD is the world’s largest manufacturer of rechargeable batteries, and its quest for creating safer and more environmentally friendly battery technologies led to the development of its proprietary Iron-Phosphate Battery – a long-cycle, lengthened lifespan, fire-safe and completely recyclable battery – that has become the core of its clean energy platform, extending into comprehensive ground transportation and energy storage solutions. BYD and its shareholders – among them notable American investor Warren Buffett – see sustainable development through technological advancement in products and solutions as the only way into the future.

BYD’s efforts, perseverance, social responsibility and accomplishments in sustainability have garnered widespread global recognition. 2015 was a year of outstanding achievements for the company: five years after they were first introduced, its Electrified Public Transportation solutions – with pure electric taxis and buses now running in more than 190 cities worldwide – have accumulated hundreds of millions of kilometers, representing colossal cuts in fossil fuel usage, thus preventing over 240 million tons of carbon from being released into the atmosphere. BYD also closed 2015 as the world’s largest New Energy automaker. In 2016, the company was granted the Large Corporation Award of the Zayed Future Energy Prize for its solid contribution to sustainable development in the energy sector. For more information, please visit us at or

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