(BRK.A), (BRK.B)
BYD has delivered 20 pure electric buses to CUTCSA, Uruguay’s largest bus operator.
The buses will be put into operation on two bus routes in the central area of the capital to replace existing diesel buses and actively promote the electrification process of the country’s buses.
BYD and CUTCSA collaboration goes back to 2016, under then President of Uruguay, Mr. Tabare Vazquez, the two parties signed a lease agreement for the country’s first pure electric bus. The operation of the bus exceeds 150,000 kilometers, and has carried more than 500,000 passengers. Its solid operating performance is the main reason for order of 20 buses.
In addition to the bus, about 60 BYD pure electric taxis e5 and e6 are also put in operation locally.
BYD’s new energy product footprint in South America includes Uruguay, Brazil, Chile, Colombia, Ecuador, Costa Rica and Argentina.
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.