(BRK.A), (BRK.B)
The streets of Oslo, Norway will soon have a large fleet of BYD’s 18-meter pure electric articulated buses running high traffic routes.
Nobina AB, the largest bus transport group in the Nordic region, has ordered 42 buses from BYD with scheduled delivery in the second quarter of 2019.
Two of BYD’s articulated buses have already been in service on route 31 and 31E, which are Norway’s heaviest duty routes, carrying roughly 50,000 passengers a day.
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.
© 2018 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.