Chinese battery and vehicle manufacturer BYD has delivered 33 battery-electric buses to the island nation of Barbados, opening up an exciting new chapter in the region’s efforts to tackle climate change.
The buses were delivered to the Barbados Transport Board, providing zero-emission operations and improving the efficiency of public transportation. Two more of the 30-foot buses will be delivered by December.
The bus delivery is an important milestone for the Barbados National Climate Change Plan, which sets a goal of 100% renewable energy and carbon neutrality by 2030.
According to BYD, it has sold its pure electric buses to more than 300 cities in over 50 countries and regions.
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 twenty-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.