It was seen lately that China’s carmaker are planning to sell autos in US by the End of the year and would open its new North American headquarters in Los Angeles.

It was told by the City officials that arrival of BYD Inc. of Shenzhen, China, would pay big money to the new managers, designers and engineers who would be hired. According to the officials, several hundred new jobs would be expected in United States in the related industries involving service and sales.

Gov. Arnold Schwarzenegger said that the green energy programs was paying off and was attracting high-tech, clean-energy companies. This green energy program helps in reducing pollution and usage of oil.

"As I've always said, what is good for the environment is also good for the economy", said Schwarzenegger in a news conference at City Hall. In the conference BYD officials were received by him, Mayor Antonio Villaraigosa, company's Chairman and Founder, Wang Chaun-fu.

BYD was started in 1995 by Wang and now it is the world's major producer of rechargeable batteries for cell phones and laptop computers.

The people employed in the company are 150,000 and they produce solar panels, lighting systems. They are working on the technology which would be used to store solar energy.