(BRK.A), (BRK.B)
BYD UK and Alexander Dennis Limited have announced that they will commence the design and assembly of chassis for the BYD ADL partnership’s electric single and double deck buses for the British market, ensuring completed vehicles are built in the UK.
Electric bus chassis assembly will take place in ADL’s facilities with on-the-ground support from the BYD team, and is planned to commence in the second half of 2021.
Until now, chassis for the BYD ADL Enviro200EV single deck and BYD ADL Enviro400EV double deck buses were fully built by BYD before being delivered to ADL’s facilities in the UK to have their bodywork fitted.
Since it began in 2015, the partnership has over 500 electric buses delivered or on order. They have clocked up a combined over 16 million emission-free miles of reliable service in London as well as numerous towns and cities across the UK.
More than 70% of electric buses introduced in Britain in this period were supplied by the BYD ADL partnership.
Frank Thorpe, Managing Director of BYD UK, said: “This news underpins the fantastic relationship we have with ADL in the UK. We have always worked closely to deliver the highest quality products and services, and we are confident that production of complete vehicles here in the UK will bring even greater efficiencies for our customers. More importantly,” he said, “this commitment from both BYD and ADL is also a reflection of the acceptance of eMobility from Local Authorities, bus operators and their passengers. Electrification in our towns and cities is gathering pace, and the BYD ADL partnership is spearheading the drive towards a more sustainable future.”
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 over thirty-fold.
© 2021 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a 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.