(BRK.A), (BRK.B)
BYD (Build Your Dreams), a world leader and pioneer in battery and zero-emission vehicles, is selling 1,000 of it pure electric buses a month.
BYD announced that its unaudited sales volume for November 2018 was 1,049 buses.
The new energy company based in Shenzhen, China, has its buses in service around the world, including the U.S. , Canada, India, South Korea, Norway, and of course China.
The company has successfully partnered with local bus manufacturers in a number of countries, including Alexander Dennis Limited (ADL) in England and Olectra Greentech in India.
In England, BYD-ADL is producing the first pure electric double-decker buses.
Through November, BYD had sold a total of 451,050 cars, SUVs, buses, and other vehicles, with 201,161 being New Energy vehicles.
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.