(BRK.A), (BRK.B)
Berkshire Hathaway-backed BYD UK and Alexander Dennis Limited (ADL) and has delivered its 1,000th zero-emission bus.
The BYD ADL Enviro400EV double decker was part-funded by the Scottish Government and handed over to Stagecoach Bluebird in Aberdeen during Scottish Bus Week in the presence of the Scottish Government’s Minister for Just Transition, Employment and Fair Work.
Working in partnership since 2015, ADL is a subsidiary of leading independent global bus manufacturer NFI Group Inc. (NFI), and BYD is a global leader in batteries, energy management and electric mobility.
Sales of the market-leading, British-built BYD ADL Enviro200EV single decker and BYD ADL Enviro400EV double decker have accelerated rapidly as the transition to zero-emission mobility gathers pace in the United Kingdom. While it took five years to reach the 500th BYD ADL electric bus, the partnership has now delivered its 1,000th vehicle just one year later.
This bus is the last of a fleet of 22 BYD ADL Enviro400EV double deckers which Stagecoach ordered they have since confirmed an order for an additional 13 electric buses of the same type for Aberdeen following the award of funding through the Scottish Government’s follow-on scheme, the Zero-Emission Bus Challenge Fund.
BYD and Berkshire Hathaway
In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares for $232 million. It’s an investment that has paid off handsomely. Berkshire’s original investment of $232 million had grown in value to $7.69 billion as of December 31, 2021.
© 2022 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.