BYD to Sell Commercial Trucks to New York Metro Area Through Milea Truck

(BRK.A), (BRK.B)

Chinese battery and vehicle maker BYD, the leader in commercial electric truck deployments, has picked Milea Truck Sales and Leasing (Milea Truck) as BYD’s fully authorized truck dealer to support the New York metropolitan area.

Headquartered in Bronx, NY, Milea Truck is well positioned to support the New York City truck market, including the Port of New York. This major milestone signals that New York commercial trucking fleets and residents can both look forward to seeing more BYD Electric Trucks on their roads, providing clean, quiet, and economical operation.

Milea Truck will offer BYD’s full line of Electric Trucks, including all Class 6 and Class 8 Trucks, Refuse Collection Trucks, Tandem Axle Day Cabs, Yard Tractors, and the world’s first All-Electric Refrigerated Box Trucks. Sales, service, parts and technical support will be provided from Milea Truck’s multiple service facilities in New York City as well as Westchester County and Long Island.

“BYD is honored to partner with Milea to bring our state-of-the-art electric truck technology to the New York region. Milea is a true leader in the industry and recognizes that BYD electric trucks are ready to go to work today” said BYD Motors Director of Business Development, John Gerra. “By partnering with Milea, we can put our zero-emission trucks to work immediately, and help provide clean air for New Yorkers.”

“Milea Truck Sales is proud to be the preeminent leader for clean energy trucks in the tri-state area. We continue to partner with New York City Departments, not-for-profits, and local businesses to help drive the transition to clean energy trucks” said Milea Truck Sales President, Barry Milea. “We are very mindful of the fact that the Bronx and the surrounding boroughs have some of the highest asthma rates in the country. We feel we have a social responsibility to do everything in our power to help fight this by putting more low emission vehicles on the road, and BYD will be a valuable partner to help us achieve that mission.”

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.

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