Berkshire Hathaway-backed BYD has established a new battery research institute in the Chinese city of Chongqing.
Dubbed the Chongqing Fudi Battery Research Institute Co., Ltd., the company is owned by Fudi Industrial Co., Ltd, a wholly-owned subsidiary of BYD.
The institute has registered capital of 100 million yuan ($15.467 million).
BYD’s Fudi Industrial Co., Ltd, currently has five companies under its umbrella, including Fudi Vision, Fudi Battery, and the company supplies parts not only to BYD, but also to its competitors, including Great Wall, Changan, Dongfeng and Chery.
A Profitable EV Company
In the last six months, BYD has reported strong sales of its vehicles, including the Han luxury car, which debuted in July. The Han is outselling its rivals from both Nio and Xpeng Motors.
BYD’s Han EV’s long-range pure electric version has a single-charge range of 605 kilometers (376 miles) based on the NEDC test cycle.
In other news, BYD announced in December that it received a large order to deliver another 406 pure electric buses to the Colombian capital of Bogota. The order was just weeks after it completed the delivery of 470 pure electric buses to the city.
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 over thirty-fold.
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.
BYD UK and Alexander Dennis Limited have announced that they will commence the design and assembly of chassis for the BYD ADL partnership’s electric single and double deck buses for the British market, ensuring completed vehicles are built in the UK.
Electric bus chassis assembly will take place in ADL’s facilities with on-the-ground support from the BYD team, and is planned to commence in the second half of 2021.
Until now, chassis for the BYD ADL Enviro200EV single deck and BYD ADL Enviro400EV double deck buses were fully built by BYD before being delivered to ADL’s facilities in the UK to have their bodywork fitted.
Since it began in 2015, the partnership has over 500 electric buses delivered or on order. They have clocked up a combined over 16 million emission-free miles of reliable service in London as well as numerous towns and cities across the UK.
More than 70% of electric buses introduced in Britain in this period were supplied by the BYD ADL partnership.
Frank Thorpe, Managing Director of BYD UK, said: “This news underpins the fantastic relationship we have with ADL in the UK. We have always worked closely to deliver the highest quality products and services, and we are confident that production of complete vehicles here in the UK will bring even greater efficiencies for our customers. More importantly,” he said, “this commitment from both BYD and ADL is also a reflection of the acceptance of eMobility from Local Authorities, bus operators and their passengers. Electrification in our towns and cities is gathering pace, and the BYD ADL partnership is spearheading the drive towards a more sustainable future.”
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 over thirty-fold.
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.
Shares of Berkshire Hathaway-backed Chinese battery and vehicle manufacturer BYD Co., Ltd. jumped 6.49% on Thursday to a new all-time high.
BYD’s stock (BYDDF), which had been as low as $4.35 on March 23, closed at $31.00 on Thursday.
The stock is up over 625% over 12 months.
A Profitable EV Company
The company has reported strong sales of its vehicles, including the Han luxury car, which debuted in July. The Han is outselling its rivals from both Nio and Xpeng Motors.
BYD’s Han EV’s long-range pure electric version has a single-charge range of 605 kilometers (376 miles) based on the NEDC test cycle.
In other news, BYD announced in December that it received a large order to deliver another 406 of its pure electric buses for the Colombian capital of Bogota.
The order was just weeks after it completed the delivery of 470 pure electric buses to the city.
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 over thirty-fold.
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.
Berkshire Hathaway-backed BYD (Build Your Dreams) has won a large order to deliver another 406 pure electric buses to the Colombian capital of Bogota. The order is just weeks after the delivery of the 470 pure electric buses to the city.
BYD will co-work with Superpolo, a Colombian bus manufacturer, on the body part of the buses for such order.
The buses were tendered by the Bogota City Public Transport Authority (TRANSMILENIO S.A.). A joint venture between Colombian business group Fanalca and international public transport operator Transdev used BYD’s integrated E-bus solutions to bid and successfully won the tender.
The buses are expected to be deployed along 15 routes in Bogota’s Fontibon district in 2021 and thereafter 150,000 residents along the routes will be able to enjoy pure electric and zero-emission transportation services.
“BYD is honored to receive another large order. There are currently 483 electric buses in TRANSMILENIO S.A, and when all 406 buses are in operation next year, Bogota will have 889 pure electric buses, of which 876 will be from BYD – accounting for more than 98.5%,” said Lara Zhang, Regional Director of BYD Latin America.
BYD first entered the Colombian market in 2012 and made several milestone achievements: building the first pure electric taxi fleet in South America in 2013, entering the Bogota BRT system in 2017. It also delivered 64 electric buses to Medellin in 2018.
Throughout Latin America, BYD’s new energy vehicle footprint has spread to major markets including Chile, Colombia, Ecuador, Brazil, Barbados, Panama, Costa Rica, Uruguay and Argentina.
Globally, BYD’s green transport offerings have spread to over 300 cities, operating in more than 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 over twenty-fold.
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.
Berkshire-Hathaway-Backed BYD, the world’s leading eBus manufacturer, has commenced delivery of Europe’s largest ever single order for electric buses to Keolis Nederland BV, the Dutch subsidiary of global public transport provider, Keolis.
An initial 246 BYD low-floor eBuses – part of a total order for 259 vehicles – are now with Keolis Nederland and have entered service on 13th December on routes in Zwolle, Apeldoorn, Ede, Dedemsvaart, Vaassen, Harderwijk, and Deventer in the country’s IJssel-Vecht region.
The remaining vehicles are scheduled for delivery and start of operation in Spring, 2021.
The new pure-electric, zero-emissions eBus fleet from BYD will deliver a huge contribution to reducing greenhouse gas emissions. Keolis has calculated an annual CO2 reduction of over 15,755 tonnes.
Despite restrictions brought about by the coronavirus pandemic, the BYD eBus fleet has been delivered on time and according to pre-pandemic production schedules. An extremely efficient production process of the eBuses was achieved by an integrated approach throughout the BYD supply chain and its various manufacturing sites, including the BYD Hungary eBus production facility.
The Keolis fleet comprises BYD’s 12-metre and 13-metre eBus models. The 13-metre model benefits from BYD’s new upgraded battery technology to provide extended range and ‘city-to-city’ capability. The majority of the Keolis order – 206 vehicles – is made up of BYD’s best-selling 12-metre model. All 12- and 13-metre models feature DC Combo 2 and pantograph charging capability.
All vehicles are equipped with ambient lighting, USB charger ports and soundproof floor cover. In addition, the 13-metre models boast seats with the MMC (Multimedia Control) to offer unparalleled passenger convenience, including a reading light, a phone holder and a folding tray.
Safety and driver comfort are also boosted with bird-eye-view cameras providing the driver with a 360o view of the bus; plus an electric driver’s seat with memory card stores seat positions for multiple drivers and allows quick and easy automatic adjustment.
Marc Renouprez, interim CEO at Keolis Nederland, is delighted to be introducing the largest electric bus fleet in Europe, “With BYD in support,” he said, “Keolis is helping the transport authorities in the provinces of Gelderland and Overijssel in their green transition by deploying this e-fleet, making the IJssel-Vecht region a healthier place to live and work in. It is therefore a momentous milestone for Keolis, but also for our passengers, our PTA partners and the region.”
“We selected BYD thanks to excellent previous experience of the eBus product in our current regions the province of Utrecht and Almere city. The vehicles meet with the full approval of our passengers and our staff – and that’s very important. We have full trust in BYD’s expertise as a manufacturer in developing and maintaining BEV technology, and we were also confident that BYD would ensure the fleet delivery was executed on time.”
“This is a proud day for both BYD and Keolis,” said BYD Europe Managing Director, Isbrand Ho, “we have devised a total transport solution with New Energy technology at its heart. This fleet represents a step-change for public transport in the Netherlands; the start of what is a massive contribution to reducing carbon emissions in the country. The future of public transport has taken a significant step forward today,” he said.
A Profitable EV Company
BYD recently reported a net profit of 1.66 billion yuan (roughly 242 million U.S. dollars) for the first half of 2020. The net profit rose 14.29 percent over the same period in 2019.
Through June 30, BYD had revenue of 60.5 billion yuan, down 2.7 percent year on year, according to BYD’s financial report filed with the Shenzhen Stock Exchange.
Despite the global pandemic, BYD projects 2.8 billion yuan to 3 billion yuan of net profit in the first three quarters of this year, which would be an increase of 77.86 percent to 90.56 percent from the same period of 2019.
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 twenty-fold.
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.
Berkshire Hathaway-backed Chinese battery and vehicle manufacturer BYD Co., Ltd. is partnering with Canadian Solar Inc. to provide advanced battery technology for the 100 MWac Mustang solar plant in Kings County, California.
Located in California’s Central Valley, the Mustang solar power project produces enough clean electricity to power approximately 45,000 homes. Sonoma Clean Power and MCE are purchasing this electricity under long-term power purchase agreements.
The 75 MW or 4-hour 300 MWh energy storage system is a retrofit addition to the Mustang solar plant which was originally developed by Canadian Solar’s wholly-owned subsidiary Recurrent Energy.
For the Mustang project, BYD will utilize Cube Pro, the latest generation energy storage solution designed for larger utility-scale projects. At 2.5 MWh per unit, the Cube Pro has a new liquid-cool battery system in the enclosure, with an energy density increase of 80% compared to the previous generation that used customized shipping containers as the enclosure.
“We are excited to partner with Canadian Solar on this solution. We are very proud to be able to provide reliable and safe BYD technology to the Mustang project,” said BYD North America President Stella Li. “We will deliver the lithium-ion battery storage solution to Canadian Solar, who acts as the full system integrator of the storage retrofit.”
By pairing solar PV with advanced battery technology, Canadian Solar helps its customers to generate and store solar power during the day for use in the evening. This approach allows California’s power grid to absorb and integrate higher levels of reliable, safe, and affordable renewable energy while contributing to the state’s climate mitigation efforts.
“We are pleased to start supplying this large-scale solar plus energy storage project which will be fully developed and integrated by Canadian Solar with our proprietary battery technology. The adoption and integration of BYD’s batteries will improve the utilization of solar energy and meaningfully enlarge our global addressable market in the solar industry.”
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.
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 sixteen-fold.
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.
Shares of Berkshire Hathaway-backed Chinese battery and vehicle manufacturer BYD Co., Ltd. jumped 11% on Monday to a new all-time high.
BYD’s stock (BYDDF), which had been as low as $4.35 on March 23, closed at $26.38 on Monday.
The stock is up over 400% year-to-date.
A Profitable EV Company
BYD recently reported a strong third quarter with earnings per share skyrocketing 3,000% from the same quarter in 2019 at $0.093 (RMB 0.62).
The company has reported strong sales of its vehicles, including the Han luxury car, which debuted in July.
Han EV’s long-range pure electric version has a single-charge range of 605 kilometers (376 miles) based on the NEDC test cycle.
In other news, BYD recently announced it is furthering its push into the battery-powered commercial truck market with the creation of a new BEV truck company in combination with Hino Motors, Ltd., which is backed by Toyota.
The goal of the new company is to combine the strengths of both companies to develop BEVs and electric units primarily in the Asian market.
The venture plans to initially launch vehicles under the Hino brand in the first half of the 2020s.
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 over twenty-fold.
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.
Parcel and express mail service DHL is using BYD’s Class 8 battery-electric trucks as part of its efforts to reduce its carbon footprint.
Four of the trucks are now on the streets of Los Angeles for DHL just in time for the peak holiday shipping season. BYD’s big rigs will haul goods to and from the DHL Los Angeles International Airport gateway and local service centers.
BYD’s 8TT’s are built with long-lasting and safe battery technology, capable of running all day on a single charge. Equipped with a comfortable air-ride cab and air suspension, the trucks have more than enough power and torque to operate at 82,000 lbs. combined weight.
DHL estimates the use of the trucks will prevent more than 300 metric tons of greenhouse gas emissions from entering the atmosphere per year.
“The introduction of these efficient electric trucks is a huge step forward, not only toward achieving our own clean transport goals, but also California’s ambitious goals on the adoption of zero-emission vehicles,” said Greg Hewitt, CEO of DHL Express U.S. “By implementing these electric trucks, we will prevent more than 300 metric tons of greenhouse gas emissions from entering the atmosphere per year, as we continue to grow and enhance our clean pick-up and delivery solutions.
The new trucks enhance DHL’s already robust alternative fuel vehicle (AFV) fleet in the U.S., which includes fully electric, hybrid-electric, and clean diesel – in addition to low-power electric-assist e-Cargo Cycles.
“As a global leader in logistics and express services, DHL has proved that they’re serious about their commitment to transition to zero-emission trucking,” said John Gerra, Sr. Director of Business Development at BYD Motors. “DHL is doing more than just talking about it; they’re actually putting BYD electric trucks into commercial service, today.”
In addition, DHL Express has 72 all-electric battery-powered vans on order from multiple vendors, which will support DHL pickup and delivery operations throughout California and New York.
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 more than twenty-fold.
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.
Berkshire Hathaway-backed BYD is furthering its push into the battery-powered commercial truck market with the creation of a new BEV truck company.
BYD and Hino Motors, Ltd. have signed a joint venture to establish a new company for commercial battery electric vehicles development. The new venture is scheduled to be established in China in 2021, with BYD and Hino each making a 50% capital investment.
Hino represents the Toyota Group in the global market for medium-duty trucks, heavy-duty trucks, and buses. In 2001, Toyota Motor Corporation acquired a majority ownership of Hino Motors, Ltd.
The goal of the new company is to combine the strengths of both companies to develop BEVs and electric units primarily in the Asian market.
The venture plans to initially launch vehicles under the Hino brand in the first half of the 2020s.
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 more than twenty-fold.
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.
Shares of Berkshire Hathaway-backed Chinese battery and vehicle manufacturer BYD Co., Ltd. have continued to rocket upward, jumping 11.5% on Thursday.
BYD’s stock (BYDDF), which had been as low as $4.35 on March 23, hit $21.30 on intraday trading before closing at $20.60.
The company has had strong demand for its Han EV luxury automobile, which debuted in July and sold 4,000 units in August.
BYD is the world leader in electric buses. BYD recently secured Finland’s largest eBus order – 106 vehicles for Nobina, one of Scandinavia’s largest public transport operators.
The company also manufactures EV batteries, a market that is projected to grow at a CAGR of 22% over the next five years.
A Profitable EV Company
BYD recently reported a net profit of 1.66 billion yuan (roughly 242 million U.S. dollars) for the first half of 2020. The net profit rose 14.29 percent over the same period in 2019.
Through June 30, BYD had revenue of 60.5 billion yuan, down 2.7 percent year on year, according to BYD’s financial report filed with the Shenzhen Stock Exchange.
Despite the global pandemic, BYD projects 2.8 billion yuan to 3 billion yuan of net profit in the first three quarters of this year, which would be an increase of 77.86 percent to 90.56 percent from the same period of 2019.
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 twenty-fold.
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.