(BRK.A), (BRK.B)
Holland is the latest country to order BYD’s pure electric buses, as the company continues to make inroads in selling its vehicles around the world.
BYD achieved a record five billion RMB profit in 2016.
Syntus, a Keolis Group company, has confirmed orders for a total of nine BYD pure electric 12m single deck ebuses for service in two Dutch cities, Amersfoort and Almere.
The Amersfoort order calls for six-year service agreement while in Almere there is a 10-year service agreement. In Almere two BYD demonstrator vehicles will provide service from April until the new buses are delivered.
Cees Anker, the Syntus General Manager who signed the contract with BYD, commented:
“We consider it as our responsibility to reduce the environmental impact and we are proud that we will operate these buses in Amersfoort and Almere. The deployment of these electric buses fits with the strategy of Syntus as a subsidiary of Keolis on sustainable mobility.”
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 is now worth roughly $1.77 billion.
For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.
© 2017 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.