Chinese battery and vehicle maker BYD has taken the first steps on what will be a major fleet of e-taxis in Colón, Panama.
BYD has delivered the first seven e-taxis for a planned fleet of 1,500 e-taxis in Colón, with 90 more to be on the road by the end of 2019.
The seven BYD e6 sedans provide service to tourists and locals visiting the Atlantic entrance to the Panama Canal.
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.