Tag Archives: Stock Portfolio

Panama Has Big Plans for BYD’s e-Taxis

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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.

BYD is the Latest Way to Get to Disneyland

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Chinese battery and vehicle maker BYD will soon be giving you a lift to Disneyland.

Anaheim Resort Transportation (ART) has announced that it would add 40 of BYD’s all-electric buses to its fleet serving the renowned tourist destination.

In 2013, BYD opened its U.S. electric bus manufacturing plant in nearby Lancaster, California, and in April 2019 delivered its 300th bus for the U.S. market.

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.

China’s BYD One of Toyota’s New Strategic Partners

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Chinese new energy company BYD will be one of Toyota’s strategic partners that also includes partnerships with Chinese battery manufacturer CATL, Toshiba, and Japanese battery manufacturer GS Yuasa.

Details of the strategic partnerships have yet to be released, but comes as Toyota is looking to increase its supply of batteries in order to produce 5.5 million electrified vehicles a year by 2025.

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

BYD Constructing Gigafactory in Guangzhou

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Chinese battery and vehicle maker BYD is expanding its battery manufacturing capacity for a wide variety of applications.

The gigafactory, which will be located in the southern Chinese city of Guangzhou, will engage in the research and development, production and manufacturing of lithium polymer batteries for electric devices such as mobile phones, laptops and computers.

BYD estimates making a total investment of 4 billion yuan ($57.9 million U.S), and will realize an annual output of 13 billion yuan when it begins operation in 2020.

BYD also began construction of a gigafactory for vehicles in southwest China’s Chongqing in February.

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 #1 in China with Hot EV Crossover Vehicle

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While Tesla has emphasized the sedan segment of the EV passenger car market with its Model 3, Chinese battery and vehicle maker BYD is racking up huge sales in the China market with its new crossover vehicle, the BYD Yuan EV.

A stylish small crossover vehicle, the Yuan EV had 6,428 deliveries in April, making it number one in EV vehicles sold in China.

The company also had strong sales for its BYD e5, which ranked fourth with 4,602 units, and the BYD PHEV Tang, which was seventh with 3,833 moved.

Tesla’s lone vehicle on the list, the Model 3, just missed the top ten, with an estimated 3,000 units, which would place it in eleventh place.

Making a strong run at BYD’s first place spot is fellow Chinese carmaker Geely, which is headquartered in the city of Hangzhou. The Geely Emgrand EV was in the second spot 5,225 units sold in April.

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’s Pure-Electric Refuse Trucks Come to Southern California

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While Tesla focuses on passenger cars, Chinese battery and vehicle maker BYD continues to expand its presence in the United States market through its buses and specialty vehicles.

The company has delivered its first BYD 8R Class 8 Automated Side Loader (ASL) all-electric collection truck to Waste Resources to serve its customers in the City of Carson, California.

The first all-electric refuse truck in residential collection operation in Southern California, it features BYD’s propriety electric-propulsion system designed specifically for refuse collection.

The refuse truck’s cab, chassis, and propulsion system were manufactured by BYD, with an ASL body made by Amrep, a leading manufacturer of waste handling equipment in North America.

Trash hauler Waste Resources currently runs 13 refuse trucks in the city of Carson, and if BYD’s refuse truck meets its service and environmental objectives, the company hopes to convert its entire fleet to BYD all-electric 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.

BYD Rolls Out World’s Longest Pure Electric Bus

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BYD (Build Your Dreams), a world leader and pioneer in battery and zero-emission vehicles, has debuted a three-section, 27-meter (89-feet) pure electric bus.

The double articulation bus is capable of transporting 250 people at a top-speed of 70 kilometers per hour (43 mph).

“Today, BYD once again uses its core technology, reliable products and innovative solutions to solve the two great urban ills of congestion and pollution,” Stella Li, Senior Vice President of BYD said. “The K12A will bring zero emissions to BRT systems, allowing passengers to enjoy quiet, pollution-free travel, while at the same time saving significant maintenance costs for operators.”

The bus can optimize it efficiency by switching between 2-wheel-drive and 4-wheel-drive.

The K12A is designed for lower-speed, high capacity operations, including airport shuttles and university campus routes where quick loading and high seating capacity are the most important factors.

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 Celebrates 300th Pure Electric Bus Built in Lancaster, California

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BYD (Build Your Dreams), a world leader and pioneer in battery and zero-emission vehicles, and the Antelope Valley Transit Authority (AVTA) celebrated two milestones: BYD’s 300th battery-electric bus built in Lancaster, California; and AVTA’s 1,000,000th electric service mile running BYD buses.

The AVTA serves the cities of Palmdale, Lancaster and Northern Los Angeles County, California.

Speakers included Lancaster Mayor R. Rex Parris, Palmdale Mayor Steven D. Hofbauer, Los Angeles County Supervisor Kathryn Barger, Deputy Consul General, Consulate General of the People’s Republic of China in Los Angeles, Shi Yuanqiang , and SMART Union Rep Willy Solorzano.

Two messages ran throughout the program: electric buses are good for the environment; and building them locally is great for our communities.

“We are very proud of this 300th American bus milestone. We are passionate about our mission to create a cleaner environment here in North America and across the globe,” said Stella Li, BYD President.

Lancaster Mayor R. Rex Parris added, “BYD has continuously shown its dedication to our community and region at-large, since establishing its North American manufacturing facilities here in Lancaster,” Parris said. “Along the way, BYD has established itself as the gold standard in the battery electric bus transportation industry. In fact, our local Antelope Valley Transit Authority (AVTA) will very soon have a 100% all-electric bus fleet.”

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.

Kraft Heinz ‘s Evolv Ventures Picks GrubMarket as its First Investment

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Kraft Heinz’s Evolv Ventures, the $100 million venture fund backed by the prepared foods company, has announced GrubMarket as its first investment.

GrubMarket is a platform that sources local food directly from producers and delivers it directly to businesses and consumers. Terms of the agreement were not released.

“We’re excited to invest in GrubMarket, a platform that is disrupting the food wholesale market,” said Steve Sanger, General Partner of Evolv Ventures. “GrubMarket plans to grow its presence and product offerings through both geographic and product expansion. Evolv Ventures is pleased to support its innovative founders.”

Since Evolv Ventures announced the formation of the fund in October 2018, the fund has quickly established itself by hiring an experienced team of investors and entrepreneurs and is actively working and investing with leading companies in the space, such as GrubMarket.

Evolv Ventures Capital Fund invests in emerging tech companies transforming the food industry. The venture fund aims to accelerate Kraft Heinz’s exposure to emerging technologies and businesses and leverage Kraft Heinz’s position in the industry to become the most value-added investor in the space.

© 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 perfo

McLane and Popeyes End Restaurant Distribution Deal

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Berkshire Hathaway’s McLane Company, Inc., a leading supply chain services company providing grocery and foodservice supply chain solutions, has announced that its McLane Foodservice and Popeyes Louisiana Kitchen have mutually agreed to end their restaurant distribution relationship, effective July 2019.

McLane has been supplying the southern California, Arizona and southern Nevada geographies for Popeyes Louisiana Kitchen restaurants. While both entities appreciate their long-term relationship, each company believes this move will best serve its financial and operational needs in these geographic markets.

Despite this aspect of their relationship coming to an end, McLane will continue to play a part in Popeyes’s supply chain. KINEXO, a subsidiary of McLane that provides innovative supply chain solutions to respected brands in the foodservice industry, will continue to serve as Popeyes’s exclusive redistribution partner nationwide for numerous items from multiple suppliers used or sold in their restaurant outlets.

Additionally, McLane will continue to serve as a primary distributor to Burger King, which along with Popeyes, is owned by Restaurant Brands International.

One of Warren Buffett’s best deals in recent years was his 2014 financing of Burger King’s acquisition of Canadian restaurant chain Tim Hortons, which was renamed Restaurant Brands International.

The deal was financed by Berkshire Hathaway, and Berkshire’s role gave the conglomerate ownership and control over 4.18% of the outstanding Common Shares and 14.37% of the total number of votes attached to all outstanding voting shares of the newly created company.

Popeyes Louisiana Kitchen became a part of Restaurant Brands in 2017, when it was acquired for $1.8 billion.

© 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.