(BRK.A), (BRK.B)
Long Beach Transit in Long Beach, California, is purchasing 14 additional BYD zero-emission K9M 40-foot buses.
The order more than doubles the number of BYD buses in its fleet.
LBT joins Los Angeles Department of Transportation, Anaheim Resort Transportation, and numerous other agencies as repeat customers of BYD’s battery-electric buses.
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.
© 2020 David Mazor
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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.