Tag Archives: BYD Co

BYD All-Electric Refuse Trucks to Run in New Jersey

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BYD all-electric refuse trucks will soon be hard at work providing zero-emission collection services to Jersey City, N.J., the first such trucks on the U.S. East Coast capable of working an entire route.

Hudson County Motors and BYD will provide five all-electric, rear-loader collection trucks to the city. The BYD trucks will go to work on normal daily collection routes previously handled by diesel-fueled trucks.

The BYD 8R is the world’s first commercially available all-electric class 8 refuse chassis that can successfully complete an entire route. The BYD 8R’s core technologies include state-of-the-art batteries, controls and motors, which are designed, tested and built by BYD as an integrated system. This allows the BYD 8R to achieve the highest levels of performance, endurance and reliability.

BYD software optimizes power and torque for superior performance in refuse collection operations. Combined with BYD’s advanced battery chemistry, the BYD 8R holds enough energy to complete an entire route with true zero-emissions.

“Jersey City will be a model for what is now possible with zero-emission refuse trucks.” says John Gerra, Sr. Director of Business Development at BYD Motors. “We look forward to helping provide clean streets and clean air for the residents of Jersey City.”

The project is supported by the New Jersey Department of Environmental Protection and Sanitation Equipment Corp. of Totowa, NJ.

Hudson County Motors is BYD’s fully authorized truck dealer for Northern New Jersey.

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.

BYD Receives $316 Million Order from California for PPE

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China’s BYD, a world leader in electric vehicles, monorails, and batteries, is now one of the world leaders in PPE. As COVID-19 spiked worldwide demand for facemasks, BYD pivoted and started making both N95 masks and surgical masks. And with the pandemic resurging in California, the state has signed a $316 million deal with BYD to supply 420 million N95 masks and surgical masks for California.

In June, Governor Gavin Newsom announced that California-based BYD North America had received certification from the National Institute for Occupational Safety and Health (NIOSH) to produce N95 respirators for the state.

Cal OES had made NIOSH certification of N95 masks an explicit requirement of the contract with BYD so that California’s doctors, nurses and other front-line workers can be confident that the N95 masks they receive from the state are of the highest quality and meet federal health and safety standards.

“Providing California’s front-line health care workers and responders the protective equipment they need is a critical part of our response to COVID-19. This new supply of N95 masks, as well as the surgical masks this contract has already provided, are game-changing and play a crucial role in our state’s public safety and reopening strategy,” Governor Gavin Newsom said at the time of its June combined order for 260 million N95 and surgical masks.

The state has already received hundreds of millions of masks from BYD, and the new order will be significantly cheaper than the previous order. The state will receive 120 million N95 masks for $2.13 per N95 mask and 300 million surgical masks at $0.20 per mask.

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.

BYD Takes on Tesla With Han EV series

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BYD has officially launched its new Han EV series, the brand’s long-awaited flagship offering for the global mid-to-large luxury sedan market, including three pure electric models and one hybrid model.

The Han EV will be sold in China at first. Its extended-range version will sell at 229,800 RMB, the extended-range variant of the premium model will be priced at 255,800 RMB, and the 4WD high-performance version will sell at 279,500 RMB. Besides, the PHEV version, Han DM, will sell at 219,800 yuan.

Among its safety features, the car uses BYD’s ultra-safe Blade Battery.

With BYD being no stranger to pioneering in the industry, the Han series continues to break new ground. The Han EV’s long-range pure electric version has a remarkable single-charge range of 605 kilometers (376 miles) based on the NEDC test cycle. The four-wheel-drive high-performance version possesses an acceleration of 0 to 100km/h in just 3.9 seconds, making it China’s fastest EV in production, while the DM (Dual Mode) plug-in hybrid model offers 0 to 100km/h in 4.7 seconds, making it the country’s fastest hybrid sedan.

The Han series will create a new global standard for EV technology and quality, shaking up the traditional luxury car market while accelerating the global shift to electric vehicles. Named after one of the most celebrated dynasties in Chinese history, the Han series also demonstrates the country’s growing manufacturing prowess.

The Han has taken ten years from the concept stage to formal mass production,” which Wang Chuanfu, President of BYD, likened to “ten years of sharpening a brilliant sword.” He added, “Through our leading technologies, we have created three benchmarks for flagship EVs in terms of safety, performance, and luxury.”

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.

Santiago Adds 150 BYD Electric Buses to Chile’s Public Transport System

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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.

Sweden’s Nobina Increases BYD eBus Fleet

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Nobina, Sweden’s and the Nordic region’s largest bus operator, has again increased the size of its pure-electric, 100% emissions free, BYD eBus fleet with two separate deliveries this week totaling 34 vehicles for operations with Public Transport Authorities in Linköping and Halland.

The latest delivery comprises 18 low-floor 18.6-metre articulated eBuses for the city of Linköping and a total of 16 12-metre eBuses assigned for various services throughout the province of Halland on Sweden’s south-western coast. The 18.6-metre articulated model offers enhanced passenger capacity – approximately 105 (37 seated) – and, thanks to its centre-pivot design, boasts an impressively narrow 24-metre turning circle. For its Halland operation, Nobina has selected BYD’s best-selling 12-metre low-floor model with 26-seats and total carrying capacity of 68.

Nobina’s total intake of eBuses from BYD has now passed 160 units; either in operation or on order, and including an order for 13 12-metre models earlier in April for the town of Piteå in the north-east of Sweden. BYD now has nearly 300 eBuses either delivered or on order with PTA fleets right across Scandinavia with operators sharing BYD’s commitment in delivering 100% emissions free, pure-electric public transport.

Nobina is strengthening the position as the leading operator of electric and sustainable public transport services in the Nordics,” said Jens Råsten, Fleet Manager, Nobina Group. “Where the technical e-mobility concept by BYD has proven to fit perfectly well into the high demands among customers and PTAs in the Nordics regarding flexibility, total transport economy, quality and reliability.”

“Despite the coronavirus pandemic, we have remained steadfast in our commitment to supporting Public Transport Operators with our products and services,” said Isbrand Ho, Managing Director, BYD Europe, “our customers are clearly planning ahead and they need to rely on BYD to continue the partnership – even when times are tough.”

Isbrand added, “Nobina is an excellent example of a forward-thinking bus operator – an operator that understands that a sustainable, pure-electric bus fleet can deliver high levels of productivity while appealing to more and more passengers who demand clean, sustainable public transport.”

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.

BYD Buses Rolling in Uruguay

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BYD has delivered 20 pure electric buses to CUTCSA, Uruguay’s largest bus operator.

The buses will be put into operation on two bus routes in the central area of the capital to replace existing diesel buses and actively promote the electrification process of the country’s buses.

BYD and CUTCSA collaboration goes back to 2016, under then President of Uruguay, Mr. Tabare Vazquez, the two parties signed a lease agreement for the country’s first pure electric bus. The operation of the bus exceeds 150,000 kilometers, and has carried more than 500,000 passengers. Its solid operating performance is the main reason for order of 20 buses.

In addition to the bus, about 60 BYD pure electric taxis e5 and e6 are also put in operation locally.

BYD’s new energy product footprint in South America includes Uruguay, Brazil, Chile, Colombia, Ecuador, Costa Rica and Argentina.

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.

BYD Signs SkyRail Agreement for São Paulo, Brazil

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BYD SkyRail São Paulo and São Paulo Metro formally signed a contract on April 27th for BYD to provide its SkyRail for the Line 17 (Gold Line) project.

This marks BYD’s second major collaborative project in Brazil following the company’s SkyRail line in the city of Salvador.

As the provider of this integrated solution, BYD will provide Line 17 with an entire suite of products and services, including 14 fleets of 5-vehicle trains, switches, conductive rails, UTO-level signal system, central control system, engineering vehicles, vehicle washing machines, and technical services, including engineering integration, installation, debugging and training.

Designed to solve urban traffic congestion, BYD’s SkyRail is a straddle-type monorail system with an investment of 5 billion RMB, developed by a dedicated R&D team of more than 1,000 following five years of research and development. The SkyRail brings lower costs, a shorter construction period and greater terrain adaptability when compared to competing technologies, while also being energy efficient, emitting zero emissions and operating quietly.

The first phase of the Line 17 project will extend from São Paulo’s Congonhas Airport to other central parts of the city, connecting vital business districts, the University of São Paulo, and densely populated areas in the city’s east. With a total length of 17.7 kilometers upon completion, the Gold Line will connect with Line 1 (Blue), Line 4 (Yellow), Line 5 (Lilac), and Line 9 (Emerald).

According to Tyler Li, Country Manager of BYD Brazil, Line 17 is designed to reach a daily flow of 250,000 passengers, and the interval between departures can be as rapid as 80 seconds. As such, these parameters necessitate high requirements for the project’s technology and operations system.

As the largest city in South America, São Paulo is both Brazil’s vibrant economic center and a critical logistics hub. Congonhas Airport, as one of the three major commercial airports in the city, became the second busiest airport in Brazil with nearly 187,000 flights and 13.67 million passengers in 2008. Due to its location in central São Paulo, the high volume of passengers and the density of vehicles in the area often contribute to severe road congestion. The completion of Line 17 is expected to significantly alleviate the pressure on road traffic between Congonhas Airport and other sections of the city.

On January 3, 2020, BYD was granted a construction permission for Salvador’s SkyRail project.

BYD’s ability to win the bid was driven by its expertise in providing an integrated solution, including the vehicles, tracks, stations and automatic control of communication signal systems; and ability to provide tailor-made solutions based on different terrains and localities. It was also underscored by BYD possessing its own intellectual property for these solutions, allowing the company to provide an effective and specialized rail transit system.

With Brazil as a starting point, BYD looks to further service South America and make a strong impact on the construction of urban rail transit worldwide. BYD’s Latin American market is rapidly expanding, and other BYD solutions such as its pure electric buses, taxis and trucks are successfully servicing markets in many countries across the region, including Chile, Brazil, Colombia, Argentina, Peru and Uruguay. Globally, BYD’s electric vehicles have spread to over 300 cities in more than 50 countries and regions.

BYD’s headquarters for its North and South American operations is in downtown Los Angeles, California, where the firm’s American SkyRail™ Team is based.

“Over my 45-year career in the planning, design, and construction of rapid transit systems here and abroad, I have never seen a company that matches the depth and breadth of advanced transit technology of BYD – and certainly none with the financial and R&D resources needed to maintain its leadership position over decades to come,” BYD’s Senior Strategic Advisor for SkyRail projects in North America, Dr. Thomas Stone, said. “This SkyRail™ system in Sao Paulo includes vehicles and systems similar to what the company is proposing here in Los Angeles and for several other cities in the United States. I believe this helps solidify BYD’s position as the new global leader in advanced, urban monorail technology.”

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.

BYD Reports Decline in Revenues for Q1

Battery and carmaker BYD has announced that its net profit for the first quarter fell roughly 85 percent from the same period last year.

Total revenues in the first quarter slumped 35 percent to 19.68 billion yuan.

BYD’s total vehicle sales for the first three months plunged 48 percent from the same period in 2019 to 61,273 units. Of those sales, New Energy Vehicles accounted for 22,192 vehicles with electric and plug-in hybrid drive, which in addition to reduced sales due to the impact of COV-19, were also hurt by a decrease in government subsidies that went into place mid-2019.

With China reopening rapidly from the COVID-19 shutdown, BYD projected that revenues would rebound and predicted profits will increase 10 to 23 percent for the first half of the year.

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

BYD Donates $1 Million in PPE for First Responders

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BYD Motors, LLC., has pledged a donation of $1 million in medical supplies, including PPEs and hand sanitizer to transit agencies and first responders in the United States and Canada.

The supplies are arriving at various U.S. distributions centers to be closer to those locations where they are needed most.

The supplies include FDA-approved Adult Surgical Masks and KN-95 respiratory protective devices as well as hand sanitizer that is 99.999% effective. Several thousand PPEs have already been delivered to agencies that include the City of Los Angeles, the Valley Medical Center in San Jose California, the Toronto Transit Commission and the LA County Sheriff’s Department.

BYD President for North America Stella Li praised first responders and transit agency employees working to stop the spread of COVID-19.

“BYD wants to help those who are helping all of us and believe this is how we can do it best,” she said. “We will get through this together.”

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

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.

BYD Tackles Lithium Battery Fires With Its Breakthrough Blade Battery

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BYD has announced the launch of the Blade Battery, a development set to mitigate concerns about battery safety in electric vehicles.

At an online launch event themed “The Blade Battery – Unsheathed to Safeguard the World”, Wang Chuanfu, BYD Chairman and President, said that the Blade Battery reflects BYD’s determination to resolve issues in battery safety while also redefining safety standards for the entire industry.

BYD highlighted a video of the Blade Battery successfully passing a nail penetration test, which is seen as the most rigorous way to test the thermal runaway of batteries due to its sheer difficulty. “In terms of battery safety and energy density, BYD’s Blade Battery has obvious advantages,” said Professor Ouyang Minggao, Member of the Chinese Academy of Sciences and Professor at Tsinghua University.

The Blade Battery has been developed by BYD over the past several years. The singular cells are arranged together in an array and then inserted into a battery pack. Due to its optimized battery pack structure, the space utilization of the battery pack is increased by over 50% compared to conventional lithium iron phosphate block batteries.

While undergoing nail penetration tests, the Blade Battery emitted neither smoke nor fire after being penetrated, and its surface temperature only reached 30 to 60°C. Under the same conditions, a ternary lithium battery exceeded 500°C and violently burned, and while a conventional lithium iron phosphate block battery did not openly emit flames or smoke, its surface temperature reached dangerous temperatures of 200 to 400°C. This implies that EVs equipped with the Blade Battery would be far less susceptible to catching fire – even when they are severely damaged.

The Blade Battery also passed other extreme test conditions, such as being crushed, bent, being heated in a furnace to 300°C and overcharged by 260%. None of these resulted in a fire or explosion.

He Long, Vice President of BYD and Chairman of FinDreams Battery Co., Ltd., covered four distinct advantages of the Blade Battery including a high starting temperature for exothermic reactions, slow heat release and low heat generation, as well as its ability to not release oxygen during breakdowns or easily catch fire.

In the past few years, many EV manufacturers have fallen into a competition for ever-greater cruising range. When the range becomes the prime factor to consider, this focus is then transferred to power battery makers, leading to unreasonable pursuits of “energy density” in the battery industry. It is due to this unpractical focus on “energy density” that safety has been sidelined from power battery development. BYD’s Blade Battery aims to bring battery safety back to the forefront, a redirection from the industry’s tenuous focus on this crucial aspect.

“Today, many vehicle brands are in discussion with us about partnerships based on the technology of the Blade Battery,” said He Long. He added that BYD will gladly share and work with global partners to achieve mutually beneficial outcomes for all industry players.

The Han EV, BYD’s flagship sedan model slated for launch this June, will come equipped with the Blade Battery. The new model will lead the brand’s Dynasty Family, boasting a cruising range of 605 kilometers and an acceleration of 0 to 100km/h in just 3.9 seconds.

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

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.