Chinese battery and vehicle maker BYD has expanded its North American operations with the opening of its first bus assembly plant in Canada.
With buses already on order or in operation in Toronto, Victoria, Longueil, St. Albert and Grand Prairie, BYD will inaugurate the new 45,000-square-foot facility by assembling buses for the Toronto Transit Commission, Canada’s largest transit operator.
“We’re proud to establish a home in Canada; it re-affirms our commitment as a company to be rooted in this country and in this province,” said Ted Dowling, Vice President, BYD Canada.
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.
© 2019 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.