Categories
Minority Stock Positions Stock Portfolio

BYD to Bring Pure Electric Refuse Trucks to Seattle

(BRK.A), (BRK.B)

Refuse removal helps keep your home clean, but it is one of the more polluting environmental hazards when it comes to the diesel emissions from refuse trucks. Fortunately, that’s changing thanks to China’s BYD.

BYD has announced that the first electric refuse trucks to operate in the city of Seattle, and the entire Pacific Northwest region, are ordered and will soon be helping to deliver on a cleaner environment.

Two of BYD’s 8R Class-8 battery-electric refuse trucks, fitted with New Way Viper Rear Loader refuse bodies, will be delivered to Recology in Seattle for use in residential solid waste pick up.

BYD’s zero-emission battery-electric Class-8 truck chassis boasts optimal efficiency with regenerative braking and best-in-class power and torque. In addition to the environmental and financial benefits of zero-emissions and reduced operating costs, BYD’s electric trucks are quiet and clean, which has an immediate impact on quality of life for the communities they serve.

“We are excited to be the first to deploy electric refuse trucks to the Pacific Northwest region, demonstrating that clean, zero-emissions technology is the smart, sustainable choice for heavy industry,” said BYD Motors President, Stella Li.

New Way, a family-owned business since 1971, manufactures a complete line of refuse equipment including the Viper mid-compaction Rear Loader bodies in Scranton, IA. With outside cylinders and operating valve, New Way’s streamlined Viper design offers increased efficiency, safety and value.

“By combining the innovative design of our Viper Rear Loader body with BYD’s zero-emissions battery-electric technology, we can produce the most efficient and sustainable refuse truck available on the market today,” said Don Ross, New Way Vice President of Sales and Marketing.

Recology, an employee-owned company with more than 100 years’ experience in the waste industry, provides service to communities up and down the West Coast. The Recology mission represents a fundamental shift from traditional waste management to resource recovery. The vision at Recology is to create a world without waste by developing and discovering sustainable resource recovery practices that can be implemented globally.

Recology’s electric trucks will serve customers in the City of Seattle and mark an important step in realizing climate impacts that address the region’s growing need to prioritize resiliency. Especially for collection services that require heavy-duty trucks to frequent roads in these communities on a daily basis, electric trucks present a sustainable solution that both Recology and its customers can feel good about.

“Together with our industry partners, BYD and New Way, we can be a catalyst to affect positive, sustainable change, setting the stage for what a 21st century refuse truck should look like,” said Derek Ruckman, Vice President and Group Manager in the Pacific Northwest at Recology.

The electric refuse trucks are scheduled to be delivered in the first half of 2019.

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.