BYD (Build Your Dreams), a world leader and pioneer in battery and zero-emission vehicles, has begun a three month test run of its pure electric bus in Delhi.
Built in India, the 12-metre pure electric bus, eBuzz K9, has a seating capacity of 35.
The buses are manufactured in New Delhi by Olectra Greentech (formerly known as Goldstone Infratech) in partnership with BYD Auto Industry Co. Ltd.
Olectra-BYD buses are currently running in four states. The company first placed electric buses in service, beginning in September 2017 between Kullu-Manali under the Himachal Roadways Transport Corporation (HRTC), and in September 2018 between the city of Hyderabad and the Rajiv Gandhi International Airport under the Telangana State Road Transport Corporation (TSRTC).
Olectra-BYD’s eBuzz K7 is also in service in Mumbai under the Brihan Mumbai Electricity Supply and Transport Undertaking (BEST).
BYD and Berkshire Hathaway
In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares. It’s an investment that has paid off handsomely. Berkshire’s original investment of $230 million has grown in value almost ten-fold, and is now worth roughly $1.96 billion.
For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.
© 2018 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.