(BRK.A), (BRK.B)
BYD, the Chinese automaker backed by Berkshire Hathaway, has achieved a significant milestone with the docking of its roll-on/roll-off (ro-ro) carrier, the EXPLORER NO.1, in the Americas for the first time. The vessel arrived at Brazil’s Port of Suape after being delivered in January at Yantai Port, China, reinforcing BYD’s commitment to eco-friendly global logistics.
The state-of-the-art EXPLORER NO.1, equipped with advanced navigation technology, completed a 27-day transcontinental journey from China to Brazil. At 199.9 meters in length, it can carry up to 7,000 vehicles, boosting BYD’s capacity to meet international demand.
The historic docking saw the largest car shipment ever received by Suape Port, bringing 5,459 vehicles as demand grows for BYD’s new energy vehicle models. BYD has already recorded over 25,500 registrations in just the first five months of the year, marking a remarkable 43% increase compared to all of 2023’s 17,900 registrations.
Tyler Li, President of BYD Brazil, highlighted the company’s dedication to sustainability, stating, “We believe it’s possible to maintain sustainability and technology in all our green mobility solutions, and we are increasingly committed to contributing to strengthening ecological and intelligent international logistics. Brazil is undoubtedly one of our biggest bets, in every sense.”
In April, BYD achieved another milestone by climbing to the ninth position among automotive manufacturers in Brazil, according to Fenabrave (National Federation of Motor Vehicle Distribution). This underscores the brand’s rapid growth in the Brazilian automotive market.
The arrival of the EXPLORER NO.1 not only strengthens BYD’s presence in Brazil but also advances the vision for a cleaner, greener future in transportation. BYD’s new energy initiatives now span over 80 countries and regions worldwide, continuously driving the global development of the NEV industry.
© 2024 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.