(BRK.A), (BRK.B)
BYD has delivered three more American-built K7M buses to the Kansas City International Airport (KCI), which (by the way) was the first in the nation to use battery-electric buses for its passengers and visitors.
The 30-foot K7M buses will serve as parking lot shuttles, bringing passengers to the airport terminals. The buses will join four other K7Ms at KCI.
Members of the Sheet Metal Air, Rail and Transportation Workers (SMART) Union, Local 105, built the buses and the rest of KCI’s electric fleet at BYD Coach and Bus in Lancaster, California, USA.
“We’re honored that the forward-thinking leaders of KCI have once again chosen BYD buses to serve its passengers,” said Patrick Duan, BYD Vice President North America. These battery-electric buses will help keep Kansas City’s air clean, lower the airport’s operating costs and at the same time provide customers with a quiet, comfort ride.”
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, as 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 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.