Chinese battery and vehicle manufacturer BYD has delivered the first of 22 pure electric buses ordered by German public transport operator Bogestra.
The BYD e-bus exported to German is 12 meters long and has a maximum passenger capacity of 80 people. It also has an over-200-km mileage on a single charge.
The Chinese automaker received Bogestra’s order in last September. The rest of the buses are expected to be delivered by October and serve in cities including Bochum and Gelsenkirchen in Ruhr region, Germany.
He Yipeng, general manager of BYD Europe, said the entry into the German market indicates recognition of BYD’s technology and products by the local government and the public transport operator.
According to BYD, it has sold its pure electric buses to more than 300 cities in over 50 countries and regions.
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.
For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.
© 2020 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.