Category: BYD

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Berkshire Hathaway-backed BYD will construct a battery energy storage project for Las Vegas.

BYD announced recently that a 543 MWh Cube Pro liquid-cooled Battery Energy Storage System (BESS), integrated by Energy Vault, will be deployed by NV Energy outside of Las Vegas with construction on the project beginning in the second quarter of 2023.

NV Energy awarded the project to Energy Vault, and expects to begin commercial operation by the end of 2023.

The energy storage system is designed to store and dispatch excess renewable energy, including wind and solar power. The BYD Cube Pro BESS will be charged daily and is designed to send stored renewable energy to the grid during peak consumption hours, helping meet high demand.

“We are pleased to be involved in this significant project,” BYD Senior Director of Business Development Michael Liu said. “This effort will be beneficial to residents of the Las Vegas region, and the entire state of Nevada.”

“Energy Vault is excited to partner with NV Energy and BYD to integrate and deliver, on a turn-key basis, a mission critical BESS that will support Nevada’s largest electric provider in achieving its goal of net zero emissions by 2050,” said Omar Aoun, Vice President of Sales, North America at Energy Vault. “This collaboration proves the quality and flexibility of our services. Our ability to work with key players such as NV Energy and BYD will accelerate the delivery of one of the largest BESS in Nevada, which is designed to store and dispatch excess renewable energy to help meet the high demand during Nevada’s peak load hours.”

The BYD Cube Pro is the latest generation energy storage solution designed for larger utility-scale projects. At 2.6 MWh per unit, the Cube Pro utilizes a liquid-cooled battery system within its enclosure allowing for an 80% increase in energy density over previous generations.

BYD has been committed to the North America Energy Storage market for almost a decade, with the first MW-scale project deployed in the U.S. in 2011. It has remained a market leader since then with more than 4GWh delivered in the U.S and an additional 14GWh confirmed order to be delivered in 2023 and 2024.

© 2023 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.

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Buses manufactured by Berkshire Hathaway-backed BYD will be rolling in Annapolis, Maryland, after the city purchased two BYD battery-electric K7M transit buses, which will be the first in its transit fleet.

The BYD K7M seats up to 22 passengers and includes two optional ADA compliant wheelchair positions. BYD buses are equipped with unique iron-phosphate batteries that are recognized as the safest in the industry, and are built with low-floors to enhance accessibility and safety for its passengers.

“BYD is proud to join Annapolis as it starts down the path toward electrification” said BYD Senior Vice President Patrick Duan. “Annapolis is such a beautiful city, full of rich history and it’s an honor to be a part of its journey toward a greener, cleaner future.”

The Annapolis Department of Transportation, which operates Annapolis Transit, aims to provide the highest level of reliable, safe, customer-focused, accessible and efficient public transportation throughout its city. Annapolis Transit plans to enhance the quality of life through making environmentally conscious decisions with clean energy transit.

“We all have to make changes in our lives and routines to become less reliant on energy sources that contribute to climate change and sea level rise,” said Mayor Gavin Buckley. “Migrating our transit fleet from fossil fuels to electric is a step the City of Annapolis can take. We are very happy to be moving forward with this acquisition.”

The buses will be built by members of the Sheet Metal, Air, Rail and Transportation (SMART) workers Union, Local 105, in BYD’s manufacturing facility located in Lancaster, California.

© 2023 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.

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Berkshire Hathaway-backed BYD is aiming for rapid expansion of its retail stores across Brazil, as it boosts its sales of automobiles in the country and partners with Santander Bank to offer customers auto financing.

Currently, BYD has nine stores in the Brazilian market. Its local presence is projected to reach 45 cities by the end of 2022 and reach 100 locations by the end of 2023.

Besides vehicles, BYD Brazil also offers customers overall new energy solutions, which include the generation of clean energy by photovoltaic modules manufactured by BYD.

BYD Brazil has signed a strategic partnership with Santander Bank, the leading bank in automotive financing in Brazil. This will furnish one-stop auto financing services for the customers, from credit analysis, and credit approval, to payment options through a fully digital platform. Also, the partnership will benefit the local dealers to manage and grow their business of electric passenger vehicles.

© 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.

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Sales of Berkshire Hathaway-backed BYD’s joint venture with Mercedes-Benz, the D9 premium MPV, started deliveries Sunday, and sales are already going through the roof. Presales racked up 30,000 orders for the multipurpose vehicle that they market under the upscale Denza brand.

Engineered and produced in and for the China market, the DENZA brand combines Daimler’s vehicle architecture expertise with BYD’s leading battery technology.

The D9 is offered as both a plug-in hybrid and pure electric vehicle, and the EV boasts a 500KM range.

© 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.

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Berkshire Hathaway-backed BYD has launched the premium electric SUV, BYD-ATTO 3, India’s First Sporty Born E-SUV.

This marks BYD’s official entry into the Indian passenger vehicle market with its brand mission of “Technological Innovations For A Better Life.”

Equipped with the ultra-safe Blade Battery and the born EV platform (e-Platform 3.0), BYD-ATTO 3 features fast charging from 0% to 80% within 50 mins, a range of 521km according to ARAI tests with a higher battery capacity of 60.48kWh, and a 0-100km/h acceleration time of 7.3s. With a sporty and powerful exterior and rhythmic interior, BYD-ATTO 3 also features L2 Advanced Driving Assistance System (ADAS) BYD Dipilot, 7 airbags, the panoramic sunroof, a 12.8-inch adaptive rotating suspension electronic pad, 360° holographic transparent imaging system, NFC card key, the Vehicle to Load (VTOL) mobile power station and other leading configuration, making this car competitive in the market.

BYD-ATTO 3 is the first model in India built on the e-Platform 3.0, which is designed for the next generation of pure electric vehicles with the Blade Battery, an 8-in-1 electric powertrain, and highly integrated domain controllers. The platform features the world’s first 8-in-1 electric powertrain (with drive motor, motor controller, reducer, onboard charger, DC converter, high-voltage distribution box, vehicle controller, and Battery Management System (BMS) integrated), resulting in a 20% overall size reduction and 15% weight reduction and allowing the overall efficiency to exceed 89%.

BYD-ATTO 3 is powered by the Blade Battery, which passes the nail penetration test, one of the industry’s most rigorous tests for batteries. The battery also emerged unscathed and fully operational after a 46-tonne truck drove over it without exhibiting leakage, deformation, or smoke.

BYD-ATTO 3 features sharp lines and a strong, sporty posture adding to the vigorous aesthetics of the Dragon Face 3.0 design language led by Wolfgang Egger, BYD’s Design Director. Its advanced, intelligent cabin is styled in the spirit of sports and competition. Inspired by the interior design concept of gym and music, BYD-ATTO 3 exhibits passion, energy, and power.

The car is equipped with a panoramic sunroof measuring 1,261 mm long and 849 mm wide with electric slide and anti-pinch features. It also comes standard with a 12.8-inch adaptive rotating suspension electronic pad supporting a 360° holographic transparent imaging system. The panoramic sunroof and imaging system are the largest among cars in the segment.

BYD-ATTO 3 is also equipped with a mobile power station that allows the vehicle to transform into a super mobile power bank. This power station supports power up to 3.3kw, satisfying most needs of high-power electrical appliances.

BYD-ATTO 3 provides intelligent driving systems and multi-sensor layouts with the BYD DiPilot L2 driving assist system. It is also equipped with 7 airbags, a robust steel body structure, and a safety-oriented chassis design.
The car also has other features such as mobile phone wireless charging, one-touch electric control tailgate, NFC card key, an 8-speaker audio system, electric seat adjustment, voice control, LED headlamps, LED rear lights, multi-color gradient ambient lighting that responds to music rhythm, PM 2.5 air filter, CN95 air filter, etc.

Sanjay Gopalakrishnan, Senior Vice President of Electric Passenger Vehicles of BYD India, said, “We are happy to announce the launch of our much-acclaimed electric SUV in India. With proven and innovative technology, we are on track towards building a stronger ecosystem that facilitates EV adoption in our country. The launch of BYD-ATTO 3 is a step towards this mission. We will constantly contribute to building a greener future.”

“BYD has two plants in India covering more than 140,000 sqm with 3,000 employees and a cumulative investment of over $200 million in the country. We are fully committed to India’s goal of achieving net-zero emissions by 2070 and will promote sustainability and zero emissions by introducing pure electric vehicles and the latest technologies. We intend to sell 15,000 units of BYD-ATTO 3 in India over the next year and plan to set up a local manufacturing facility in the due course.” Added by Ketsu Zhang, Executive Director of BYD India.

BYD has 24 showrooms across 21 cities in India and aims to expand to at least 53 showrooms by the end of 2023. Furthermore, BYD India plans to participate in the Auto Expo 2023 and will debut more products and technologies for the Indian market. BYD will continue to leverage technological innovations for a better life, promote sustainable development of society, and implement its “Cool the Earth by 1°C” initiative.

© 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.

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Berkshire Hathaway-backed BYD, one the world’s leading manufacturers of new energy vehicles, has been named to the Fortune Global 500 list.

Fortune noted that BYD’s aggregate sales increase of 19% is the highest annual growth rate in the list’s history.

BYD’s high-tech enterprise encompasses a product line that includes battery electric automobiles, heavy duty electric vehicles including transit buses and Class 8 trucks, rail transit products including SkyRail, Type D and Type A battery electric school buses, material handling and new energy solutions and electronic devices.

Backed by its innovative technologies, such as the Blade Battery, DM-i super hybrid technology, and the e-platform, BYD sold 730,093 passenger vehicles in 2021, including 593,745 new energy passenger vehicles, with a YoY increase of 231.6%. In the first half of 2022, BYD sold 638,157 new energy passenger vehicles, up 324.8% YoY.

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.

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.

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Berkshire Hathaway-backed BYD has announced its entry into the passenger vehicle market in Japan.

The Chinese EV manufacturer is debuting three models – BYD ATTO 3, BYD DOLPHIN and BYD SEAL.

BYD Chairman and President Wang Chuanfu acknowledged BYD’s long relationship with the Japanese market and said he greatly appreciates the opportunity to grow.

“Over the years, BYD has been deeply engaged in the Japanese market and has accumulated a good market and brand foundation through its pure electric buses, energy storage systems, pure electric forklifts and other businesses,” Wang said. “Today, with the support and expectation of consumers, BYD officially hits the new energy passenger vehicle market in Japan. The longest journey starts with a single step, and we greatly cherish this business opportunity. Full of respect and dedication, we are devoted to providing Japanese consumers with leading technologies, excellent products and high-quality services, aiming to deliver an exceptional travel experience.”

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.