A fleet of 10 pure electric buses manufactured by Chinese new energy technology company BYD is now in service on the Japanese island of Okinawa, marking the beginning of the island’s electrified public transportation initiative.
A total of 10 BYD K9 buses now run a shuttle service to and from the Okinawa Naha Port. BYD is the only Chinese automaker to enter the Japanese market, and only with pure electric vehicles.
This is not the first time BYD has delivered its e-buses to Japan. In 2015, five BYD K9 buses started running in the city of Kyoto. This time, Japan placed the additional order to operate the K9 fleet in the historic city of Okinawa, which hosts millions of visitors each year.
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 is now worth roughly $1.8 billion.
For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.
© 2017 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.