(BRK.A), (BRK.B)
China’s BYD has received an eBus order for Oslo, Norway, as the company continues to make inroads in the European market.
Unibuss, a Norwegian bus company based in Oslo, has placed an initial order for 23 new 12 metre pure electric BYD eBuses.
The buses are expected to go into service in the second quarter of 2020.
The Unibuss order comes on the heels of a 55 eBus order from Norway’s government-owned national rail and bus company.
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.
© 2019 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.