(BRK.A), (BRK.B)
BYD has announced that Latin America’s largest fleet of zero-emission buses just got bigger, as Santiago’s RED system added 150 of their buses to Chile’s public transport system.
With a total of 455 buses in operation, BYD firmly leads Chile’s electric bus market.
The buses will run along Avenida Bernardo O’Higgins, the historic central avenue in the Chilean capital and will be operated by Metbus.
“This new fleet of 150 BYD electric buses will bring citizens more quality trips while improving Santiago’s air quality,” said Tamara Berríos, Country Manager, BYD Chile.
Santiago’s electric bus fleet will reach almost 800 units by the end of this year. Chile wants to completely electrify publicnsportation by the 2040.
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.
For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.
© 2020 David Mazor
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.