BYD (Build Your Dreams), a world leader and pioneer in battery and zero-emission vehicles, has received it’s first order for pure electric buses in Denmark.
The order for 27 of BYD’s 12 metre pure electric buses will run in Denkark’s capital, Copenhagen.
The order was received from Danish Bus company, Anchersen, which serves 19 of Movia’s routes in Copenhagen.
The BYD buses will begin operating at the end of 2019 on routes from the north to the south of Copenhagen city, between Emdrup Torv and Lergravsparken.
“Our company is showing that we are ready for the latest developments,” Søren Englund, COO at Anchersen, said. “We are now at the forefront of the transformation of the public transportation environment to zero emission electric power. Our goal is to have the same reliability with the new electric buses as with our current diesel buses. We have entered into an agreement with BYD because thorough investigation has shown us that BYD can meet the demands we and Movia have for the bus of the future.”
“We are pleased to enter the Danish market and participate in the first phase of the transition towards better green public transport,” Isbrand Ho, Managing Director at BYD Europe, said. “With the deployment of our electric buses, the first step has been taken in replacing the diesel buses in Copenhagen. We are looking forward to a successful cooperation with Anchersen A/S, which will be our first partner in Denmark.”
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.