ALL-ELECTRIC TRANSIT BUSES

BYD MOTORS INC. Company Profile & Acknowledgments • BYD was founded in 1995 with a $300k family investment and today has grown to $9 Billion in annual revenue. • BYD is the Worlds largest manufacturer of rechargeable batteries. • BYD entered automotive market in 2003 and today is the Worlds largest manufacturer of Battery Electric Buses. • As of October 2015, BYD achieved 6 consecutive months as the World leader in EV sales. • As of October 2015, BYD also ranks 1st in total EV sales with 43,069 units sold. Company Profile & Acknowledgments • Today 60% of BYD’s public shares are owned by American investors. • Warren Buffet’s Berkshire Hathaway is BYD’s single largest public shareholder at 10%. • In 2015, BYD was ranked #15 in Fortune Magazine’s “51 Companies That are Changing the World” list. • In 2010, Bloomberg named BYD a top global technology company. Company Profile

• 9 Billion in Annual Revenue

• 180,000 Employees Worldwide BYD Provides Green Sustainable Solutions for the Global Community Clean Energy Focus

Solar Power Energy Storage LED Lighting

187 Miles Large Luggage Space Spacious Interior Fire Safe 0 Emissions 90 mph

Environmentally-Friendly Battery No Heavy Metals

Low Center of Gravity Spacious Interior All-Electric Transit Fleet Global Popularity

Columbia, Missouri

Denver RTD Brazil Stanford University Amsterdam

G-Trans, Gardena Beijing

Los Angeles Metro Hong Kong Transit Authority Israel Antelope Valley Transit Authority Milan

Long Beach Transit Nanjing Hangzhou SolTrans, Vallejo

Link Transit, Washington All-Electric Transit Fleet

• BYD has a current offering of 7 different Transit Bus and Motor Coach models.

• 3,000+ buses in World wide operation today with over 75M miles of data.

• 6,000 buses on order for 2016 World Wide

• Direct replacement for 80% of all bus routes in US today.

• No change in operations, business as normal with better uptime and lower cost. Why Go All-Electric? Because it is time! Introducing the BYD K7 30’ Transit Why Go All-Electric? Because it is time! Introducing the BYD K9 35’ & 40’ Transit Why Go All-Electric? Because it is time! Introducing the BYD K1 60’ Transit Why Go All-Electric? Because it is time! Introducing the BYD C6 23’ Motor Coach Why Go All-Electric? Because it is time! Introducing the BYD C9 40’ Motor Coach Why Go All-Electric? Because it is time! Introducing the BYD C10 45’ Motor Coach Why Go All-Electric?

• ZERO emissions, Zero CO2, NOx, PM emissions • Total Lifecycle cost savings far above traditional technologies • Redundant drive systems • 12 year battery warranty significantly reduces lifecycle cost • No Hazardous UREA to store and dispense • No DPF to clean, no soot to dispose of as EPA regulated Hazardous Waste Why Go All-Electric Reason #1 No Emissions

• What are some of the environmental benefits? ZERO EMISSIONS • Carbon dioxide (CO2): a 121-ton reduction per year, per electric bus. Over the anticipated 12 year lifetime of the bus, this equates to 1,452 tons per bus. • Nitrogen Oxides (NOx): less 0.5938 tons per year, or 7.1256 tons over the lifetime of the bus. • Particulate matter (PM): reduced by 0.0274 tons per year, or 0.3288 tons over the 12 year lifespan of each electric bus. • Carbon monoxide (CO): reduced 0.310 tons annually or 3.72 tons over the lifetime of the bus. • Hydrocarbons (HC): reduced by 0.0428 tons per year or 0.5136 tons over the 12 year lifespan of each bus. Why Go All-Electric Reason #1 No Emissions

• Reduced emissions lead to reduced occurrences of illness. HEALTH BENEFITS According to the EPA’s Diesel Emissions Quantifier Health Benefits Methodology: The reduction in particulate matter from just one electric bus is equivalent to about $55,000 in health benefits savings annually; and over the anticipated 12 year lifetime of the bus, annual health benefit savings are estimated at about $660,000. A fleet of 18 running on the ART would have a savings of $11,880,000 Why Go All-Electric Reason #1 No Emissions • CNG PM 2.5 ref: http://www3.epa.gov/pm/health.html • The size of particles is directly linked to their potential for causing health problems. Small particles less than 10 micrometers in diameter pose the greatest problems, because they can get deep into your lungs, and some may even get into your bloodstream. • Health Effects • Particle pollution - especially fine particles - contains microscopic solids or liquid droplets that are so small that they can get deep into the lungs and cause serious health problems. Numerous scientific studies have linked particle pollution exposure to a variety of problems, including: • premature death in people with heart or lung disease, • nonfatal heart attacks, • irregular heartbeat, • aggravated asthma, • decreased lung function, and • increased respiratory symptoms, such as irritation of the airways, coughing or difficulty breathing. Why Go All-Electric Reason #2 Life Cycle Cost

• Cost Savings through reduced maintenance Battery electric buses can save anywhere between 60-80% in operational cost. With a fraction of the moving parts there are fewer things to fail in a battery electric bus. No Hazardous UREA to store and dispense, No DPF to clean, no EPA regulated Hazardous Waste, no oil or filter disposal. Fewer preventative maintenance inspections means less down time. Why Go All-Electric Reason #2 Energy Cost Why Go All-Electric Reason #2 Cost Data

Odometer Reading Miles Driven Vehicle R/M Exp Fuel Gallons 13-14 14-15 7//14-6/30/15 4149 4,688.85 1,293.8 144,830.0 151,697.0 6,867.0 4324 9,145.84 1,214.3 138,070.0 146,127.0 8,057.0 4335 6,123.50 2,042.4 139,602.0 151,880.0 12,278.0 4336 8,234.28 1,905.9 128,819.0 140,030.0 11,211.0 4449 9,622.50 1,989.7 138,833.0 149,833.0 11,000.0 4450 8,547.38 2,933.8 129,221.0 144,371.0 15,150.0 4617 13,603.84 3,464.1 119,525.0 140,693.0 21,168.0 4661 12,302.02 2,698.7 86,693.0 103,315.0 16,622.0 4672 10,820.39 3,218.4 86,677.0 106,183.0 19,506.0 4824 7,103.37 3,101.1 31,034.0 46,451.0 15,417.0 4837 1,422.07 1,605.0 27,317.0 36,396.0 9,079.0

Average R/M Average Miles Average Miles 8,425.09 2,315.2 13,305.0 1.606620466 5.746803732 MCPM MPG Why Go All-Electric Reason #2 Total LCCA Why Go All-Electric Reason #2 Operational Cost 20 year fleet total cost

Description Cost QTY Description Cost QTY Diesel Bus Cost $ 140,000.00 2 $ 280,000.00 BYD Bus Cost $ 450,000.00 1 $ 450,000.00 Repair, Maint, Fuel $ 54,072.00 20 $ 1,081,440.00 Interest $ 182,350.94 1 $ 182,350.94 Repair, Maint, Energy $ 7,068.00 20 $ 141,360.00 20 year lifecycle cost per vehicle $ 1,361,440.00 20 year lifecycle cost per vehicle $ 773,710.94

Total Fleet Cost 20 years $ 16,337,280.00 Total Fleet Cost 20 years $ 9,284,531.28

20 year savings on a fleet of 12 BYD buses $ 7,052,748.72 Why Go All-Electric Reason #3 Redundant Drive • High-efficiency, in-wheel traction motors deliver an impressive 1,106 Ft/Lbs. of torque • 30K Fluid replacement allows for simplified maintenance • Energy recovery and battery recharging through optimal regenerative braking reduces brake component wear

Drive-axle diameter Type BYD-3425TZA Max power 90kw Motor Average power 60kw diameter Max torque 1,106 Ft/Lbs

Max rotate speed 5000rpm

Motor quantity 2

Ratio 10 Brake Knorr

Gradeability ≥18% Why Go All-Electric Reason #3 Less is More

• Hundreds of moving parts instead of Thousands

• 30K Fluid replacement allows for simplified maintenance

• Solid State Components Why Go All-Electric Reason #4 Superior Batteries

The first battery designed specifically for use in vehicles

• BYD batteries have a 40+ year Reliability & service life Longevity • 70% capacity even after 10,000 cycles = 28 years

• No propensity for fire or explosion Safety even under the most stressful conditions

• Zero emissions and zero pollution Sustainability • 100% Recyclable, no heavy metals or caustic materials

Thermal Balancing Across Cell Why Go All-Electric Reason #4 Superior Batteries

BYD Lithium-ion Iron-Phosphate Battery Module • Long Life Tested 10,000 cycles with over 70% capacity • 10k/365=27.4 years • At 83 miles a day, two days of operation per cycle. • High energy output and high energy density average • Stable performance in both high and low temperatures from 140F to -22F Why Go All-Electric? #7 Bi-Directional Inverters

V2L Emergency Response • One 40’ BYD bus can power a Red Cross Medical Tent for a week.

V2V Rolling Generators • Utilize a bus to charge other fleet vehicles.

V2L Peak Demand Shaving • Utilize Vehicles as Energy Storage to feed back to grid during peak demand. BYD K7M Body Structure BYD Battery Layout and Weight Distribution How to Go All-Electric?

• Simple installation – each BYD vehicle includes an easy to install and operate charging interface Net-Zero Power, Pollution, Impact What does “Off-Grid” Mean? Collect solar power all day, charge buses from storage at night

10, operating 40-foot Electric Buses: Energy function: 8 hours of sunlight x 405 kW of Solar = 3240 kWh generated 3, 1.1 MWh ESS containers = 3300 kWh “storage capacity” OK 3, 300 kW inverters can discharge = 900 kW rate OK Power interfaces/ ESS charge 10 buses at 80 kW = 800 kW OK 10 buses x 324 kWh energy needed = 3240 kWh - OK Example: 132 kW Solar System – Bonaire Transit Example: 132 kW Solar System – Bonaire Transit Example: 132 kW Solar System – Bonaire Transit