(BRK.A), (BRK.B)
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.