Tag Archives: BYD Co

BYD and Toyota Form Joint R&D Car Venture

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BYD Company Ltd. and Toyota Motor Corporation have signed an agreement to establish a joint company to research and development for battery electric vehicles (BEVs).

The new R&D company, which will work on designing and developing BEVs (including platform) and its related parts, is anticipated to be established in China in 2020, with BYD and Toyota to evenly share 50% of the total capital needed.

Additionally, BYD and Toyota plan to staff the new company by transferring engineers and the jobs currently involved in related R&D from their respective companies.

On the establishment of the new company, BYD senior vice president Lian Yu-bo said:

“We aim to combine BYD’s strengths in development and competitiveness in the battery electric vehicle market with Toyota’s quality and safety technology to provide the best BEV products for the market demand and consumer affection as early as we can.”

Toyota executive vice president Shigeki Terashi commented:

“With the same goal to further promote the widespread use of electrified vehicles, we appreciate that BYD and Toyota can become “teammates”, able to put aside our rivalry and collaborate. We hope to further advance and expand both BYD and Toyota from the efforts of the new company with BYD.”

BYD was founded in 1995 as a battery business and has grown into a total energy solution company, manufacturing not only electrified vehicles but other products such as large-size energy storage cells. The company name BYD stands for “Build Your Dreams” and core parts for electrified vehicles such as batteries, motors and power electronics are among the products that BYD develops in-house. In 2008, BYD became the first company in the world to sell mass production of plug-in hybrid electrified vehicles (PHEVs).

Since 2015 onwards, BYD’s sales of BEVs and PHEVs have been ranked first in the world for four consecutive years.

Since Toyota launched the Prius, the world’s first mass-produced hybrid electric vehicle (HEV), in 1997, the company has become a pioneer of electrified vehicle development with a focus on HEVs. Toyota has sold more than 14 million electrified vehicles worldwide and has accumulated extensive knowledge concerning the development, production, and sale of both HEVs and their related core components. Also, based on the thinking that electrified vehicles contribute to the society only when its popularized, Toyota is initiating electrification globally. In China, Toyota is also working on spreading electrification and also developing vehicles which meets Chinese customer’s needs in collaboration between Toyota Motor Engineering & Manufacturing (China) Co., Ltd. (TMEC) and the R&D centers established at Chinese joint-venture companies with China FAW Group Corporation (FAW) and Guangzhou Automobile Group Co., Ltd (GAC).

With the newly established joint R&D company, Toyota and BYD aim to work together to further develop BEVs that are attractive to Chinese customers, and by further promoting their widespread adoption, aim to contribute toward environmental improvement.

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.

BYD Lands Mega Order from Los Angeles Department of Transportation

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New energy company BYD (Build Your Dreams) has announced that the Los Angeles Department of Transportation has ordered 130 of its battery-electric K7M buses.

The order is the largest single purchase of battery-electric buses to date in the United States.

The order is a major milestone for BYD as it continues its green dream to bring innovation and cutting-edge zero-emission technologies to forward-thinking communities and private enterprises. LADOT purchase is a signal to the market that zero-emission buses are here to stay and that their use will continue to spread.

The project fits perfectly with the City of Los Angeles’ “Green New Deal,” a set of sustainability goals that includes converting the entire LADOT fleet to zero-emission buses by 2030. The City of Los Angeles has set a bold goal of converting every city vehicle to zero-emission technology by 2050.

It is estimated the 130 buses will reduce greenhouse gas emissions by 8,225 metric tons per year and by 98,700 metric tons over the buses’ 12-year life, reducing greenhouse gas emissions by 81% compared to LADOT’s compressed natural gas buses.

“We applauded LADOT for its bold leadership, ambition, and desire to improve the air quality for the City of Los Angeles,” said BYD North America President Stella Li. “BYD buses will be an important component of the city’s efforts to meet its sustainability goals. We are proud to partner with an agency that shares our green dream.”

The buses will be built at BYD’s Coach & Bus factory in Lancaster, California. BYD’s zero-emission buses not only meet but also exceed Federal Transit Administration “Buy America” requirements, incorporating more than 70% U.S. content.

BYD is the only battery-electric bus manufacturer that has both a unionized workforce and a Community Benefits Agreement, which sets goals for hiring veterans, single parents, second chance citizens, and others facing hurdles in obtaining manufacturing employment.

The 30-foot K7M has 22 seats, a range of up to 150 miles, and can be charged in 2.5 to 3 hours. The K7M is one of BYD’s top products. It has no air emissions and runs quietly, improving quality of life wherever it operates. With lower fuel and maintenance costs, the K7M has lower total cost of ownership than diesel or CNG.

BYD notes that it offers a 12-year warranty on its batteries, the longest in the industry.

LADOT has been working with BYD since 2014 when it conducted a 90-day trial of a battery-electric bus. In January 2017, city officials introduced the first of four K9S battery-electric buses acquired by the LADOT with a grant from the California Energy Commission.

LADOT is one of more than a dozen customers who have shown their confidence in BYD’s product performance and service to make additional orders. Earlier this year, Anaheim Resort Transportation added to its initial purchase by ordering 40 more buses from BYD. With this purchase, BYD has now sold more than 460 electric buses to customers in Southern California including airports, universities, private operators and transit agencies.

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.

BYD Partners With AMPLY to Provide Charging Infrastructure

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With the high costs and operational complexities surrounding electric vehicle (EV) deployments within commercial fleets, EV manufacturer BYD (Build Your Dreams) has announced a preferred partnership with charging infrastructure provider, AMPLY Power.

The partnership allows fleet operators such as transit agencies, shuttle bus operators, universities, school districts, and municipalities to more rapidly migrate to electric vehicles through joint products and services encompassing vehicles and infrastructure.

In a 2018 survey by Greenbiz, fleet operators cited high cost and complex infrastructure as main deterrents in expanding their electric truck and bus pilots to full deployment. The two companies aim to answer these challenges by providing bundled, affordable solutions and charging infrastructure that guarantees uptime.

“Together, BYD and AMPLY Power offer a great benefit to our customers,” BYD President Stella Li said. “This partnership leads to a total and affordable solution that will help municipalities, universities and businesses achieve their climate goals.”

AMPLY provides comprehensive end-to-end services to fleet operators, including operational upgrades and utility interconnections, optimal charging strategy based on drive cycle and duty cycle, debt financing or grant funding for reducing capital expenditures, and implementing resiliency plans where needed. The company assumes the full financial responsibility of utility account and provides the fleet with flat usage rates. AMPLY also performs onsite operations and maintenance services, and invests in technology upgrades as the needs of the fleet evolve.

“If we want to accelerate electric vehicle fleet adoption, we must make it as simple as possible for commercial fleet operators,” said Vic Shao, CEO of AMPLY Power. “By establishing a relationship with BYD, we now open the door to vehicle and management options for operators, making the switch to electric even easier.”

BYD produces transit buses and motor coaches at its manufacturing plant in Lancaster, California. BYD is the only battery-electric bus manufacturer that has both a union workforce, covered by SMART Local 105, and a community benefits agreement, which prioritizes hiring of veterans, single parents, second-chance workers, and other groups that face obstacles to gaining manufacturing employment.

AMPLY and BYD have been working with joint customers since early 2019. This partnership formalizes the relationship as the two companies begin to deploy a number of electric bus customer projects, with the earliest expected to launch this year.

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.

BYD Pure Electric Buses Rule Chile

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New energy company BYD now has 183 zero-emission buses in service in Chile.

The fleet of BYD K9’s is over half of the 285 zero-emission BYD buses Chile has purchased since 2017.

The positive environmental effect is equivalent to taking some 7,695 cars off the road, eliminating 481,650 tons of CO₂ and 2,850 tons of NOₓ emissions.

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.

BYD to Sell Electric Yard Trucks to PepsiCo

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Chinese battery and vehicle maker BYD will deliver three 8Y electric yard tricks to PepsiCo.

The company’s Frito-Lay facility in Modesto, California, will test out the trucks as part of a state project designed to showcase economically and environmentally sustainable warehousing and distribution technology.

The BYD 8Y electric yard trucks are part of what the California Air Resources Board (CARB) has termed a bold and transformative effort to replace the use of all diesel-powered freight equipment within one of Frito-Lay’s largest facilities.

“We’re honored to be part of this major milestone demonstrating the operational, economic, and environmental sustainability benefits of our zero-emission trucks,” said John Gerra, BYD Director of Business Development, Electric Trucks. “BYD trucks are out there right now working hard every day throughout California.”

The San Joaquin Air Pollution Control District is the lead agency with funding from CARB’s Zero and Near-Zero Emission Freight Facilities program.

The Frito-Lay Zero and Near-Zero Emission Project: Modesto, CA is part of California Climate Investments, a statewide program that puts billions of Cap-and-Trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health and the environment — particularly in disadvantaged communities.

The project includes equipment testing, a one-year demonstration period, data collection, and associated reporting. The San Joaquin APCD anticipates the various equipment to be rolled out at different times to complete the demonstration, with full project completion in early 2021.

CARB anticipates the project will be emulated statewide.

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.

BYD Sells 21 Pure Electric Big Rigs to Anheuser-Busch

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Big things are brewing for BYD at one of the world’s biggest brewers.

Chinese battery and vehicle maker BYD has delivered 21 zero-emission BYD Class 8 electric trucks Anheuser-Busch.

BYD notes that this is the largest deployment of its kind in North America.

According to BYD, the environmental benefits for the 21 trucks in the aggregate
will prevent: ~462 metric tons of GHG per year, and ~732.9 lbs of NOx per year, as compared to diesel trucks.

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.

Audi Looking to BYD for EV Batteries

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Chinese battery and vehicle maker BYD and Volkswagen Group’s premium car brand, Audi, are reportedly in advanced stages of negotiation on an agreement that would see BYD become a key battery supplier for Audi’s EV cars.

The batteries would equip cars the Premium Platform Electric architecture jointly designed by Audi and Porsche engineers.

Audi has announced 15 EVs, which it plans to bring to market by 2025, with the first debuting in the spring of 2022.

Volkswagen has been working with BYD’s Chinese competitor CATL, and has been looking to broaden its battery sourcing as it looks toward a heavily electric vehicle future.

Volkswagen work with CATL goes back to its development of its battery-assisted start/stop system, and CATL also has been working with BMW since 2011.

Volkswagen first began exploring battery development with BYD in 2009.

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.

BYD Pure Electric Buses Running at Kansas City International Airport

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Chinese battery and vehicle maker BYD now has its pure electric buses running at the Kansas City International Airport.

The Kansas City International Airport added four BYD K7 transit buses to their bus fleet and is now greener than ever.

The K7 seats 22 plus the driver and has a range of up to 150 miles and a top speed of 56 mph.

The buses use BYD’s iron phosphate batteries, and have a charging time of 2.5-3 hours.

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.

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

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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.

BYD Key to Making IndyGo’s New Red Line Go

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A fleet of Chinese battery and vehicle maker BYD’s electric buses are now rolling through the streets of Indianapolis as part of IndyGo’s new Red Line transit system.

IndyGo’s Red Line began service on September 1, 2019, and feature a 31-strong fleet of BYD’s 60-foot buses that travel along bus-only lanes.

The buses have a stated battery range of 275 miles, but in 51 tests that included Indianapolis’s frigid winter weather, the buses fell short of that performance level. In response, BYD, which has an association with Momentum Dynamics, agreed to provide wireless charging platforms at either end of the route in order to boost the buses’ charge level throughout the service day.

The Red Line is the first of IndyGo’s Bus Rapid Transit systems, providing increased frequency, reliability, comfort, and convenience at a fraction of the cost of light rail.

Unlike far-spaced light rail, the permanence of BRT infrastructure all along the corridor supports increased private investment, contributing to increased economic opportunity and quality of life.

Running for 13 miles, IndyGo’s new Red Line is billed as a milestone in improved capacity, comfort and comprehensive accommodation for every rider’s experience.

The Red Line corridor is the densest corridor of both residents and employers within Marion County.

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.