At the launch of its North American operations on Oct. 24, China's BYD promised to create 150 green-collar engineering and management jobs focused on research and development. Company officials said that the operation, based in Los Angeles, will also serve as the focal point for privately owned BYD dealerships across the continent. Dealerships will sell BYD’s plug-in electric S6DM and pure electric e6 vehicles to consumers and commercial fleets, all-electric long-range eBUS commercial buses, rapid-charging stations, LED and solar street and parking light systems, residential solar systems, and replacement parts. Based in Shenzhen, China, and owned 50% by U.S. investors including the MidAmerican Energy Holdings unit of Warren Buffett's Berkshire Hathaway, BYD (which stands for Build Your own Dreams) employs more than 200,000 people worldwide. The e6 uses BYD-developed iron-phosphate batteries and has accumulated more than 3.8 million mi (6 million km) of government and taxi use in Shenzhen.