Berkshire Hathaway-backed BYD is furthering its push into the battery-powered commercial truck market with the creation of a new BEV truck company.
BYD and Hino Motors, Ltd. have signed a joint venture to establish a new company for commercial battery electric vehicles development. The new venture is scheduled to be established in China in 2021, with BYD and Hino each making a 50% capital investment.
Hino represents the Toyota Group in the global market for medium-duty trucks, heavy-duty trucks, and buses. In 2001, Toyota Motor Corporation acquired a majority ownership of Hino Motors, Ltd.
The goal of the new company is to combine the strengths of both companies to develop BEVs and electric units primarily in the Asian market.
The venture plans to initially launch vehicles under the Hino brand in the first half of the 2020s.
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 more than twenty-fold.
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 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.
Shares of Berkshire Hathaway-backed Chinese battery and vehicle manufacturer BYD Co., Ltd. have continued to rocket upward, jumping 11.5% on Thursday.
BYD’s stock (BYDDF), which had been as low as $4.35 on March 23, hit $21.30 on intraday trading before closing at $20.60.
The company has had strong demand for its Han EV luxury automobile, which debuted in July and sold 4,000 units in August.
BYD is the world leader in electric buses. BYD recently secured Finland’s largest eBus order – 106 vehicles for Nobina, one of Scandinavia’s largest public transport operators.
The company also manufactures EV batteries, a market that is projected to grow at a CAGR of 22% over the next five years.
A Profitable EV Company
BYD recently reported a net profit of 1.66 billion yuan (roughly 242 million U.S. dollars) for the first half of 2020. The net profit rose 14.29 percent over the same period in 2019.
Through June 30, BYD had revenue of 60.5 billion yuan, down 2.7 percent year on year, according to BYD’s financial report filed with the Shenzhen Stock Exchange.
Despite the global pandemic, BYD projects 2.8 billion yuan to 3 billion yuan of net profit in the first three quarters of this year, which would be an increase of 77.86 percent to 90.56 percent from the same period of 2019.
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 twenty-fold.
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.
Berkshire Hathaway-backed Chinese battery and vehicle manufacturer BYD has announced that the City of Ocala, Florida will add five Class 8 battery-electric refuse trucks to its fleet, making it one of the first cities in Florida to adopt BYD’s innovative zero-emission technology.
The trucks will be assembled in the United States with union labor.
BYD, the leader in commercial electric truck deployments in the United States, is the world’s largest manufacturer of electric vehicles and the global leader in battery-electric trucks with more than 12,000 electric trucks in service around the world.
The Ocala City Council pre-approved the 2021 purchase of three quiet, clean-electric BYD refuse trucks and will buy two more in 2022. The BYD vehicles will replace older- model internal combustion powered trucks that are currently in use.
“The community of Ocala has taken a leadership role in Florida with the purchase of these BYD electric trucks,” said John Gerra, Sr. Director of Business Development with BYD Motors. “All BYD trucks are purpose-built and utilize our proprietary safe battery technology that exceeds the requirements for some of the most rigorous safety-testing programs around the world.”
Ocala officials estimate the operation of BYD trucks will result in fuel cost savings of nearly 78 percent. In addition, with fewer moving parts making them less costly to maintain, the city estimates there will be a cost savings of nearly 75 percent in maintenance costs. The BYD trucks are estimated to provide a total life cycle savings to Ocala of approximately $270,000 and a return on the taxpayers’ investment in under 5 years.
BYD’s Lancaster, California manufacturing facility employs 750 men and women, many are members of the Sheet Metal, Air, Rail and Transportation Workers Union, (SMART), Local 105.
A Profitable EV Company
BYD recently reported a net profit of 1.66 billion yuan (roughly 242 million U.S. dollars) for the first half of 2020. The net profit rose 14.29 percent over the same period in 2019.
Through June 30, BYD had revenue of 60.5 billion yuan, down 2.7 percent year on year, according to BYD’s financial report filed with the Shenzhen Stock Exchange.
Despite the global pandemic, BYD projects 2.8 billion yuan to 3 billion yuan of net profit in the first three quarters of this year, which would be an increase of 77.86 percent to 90.56 percent from the same period of 2019.
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 sixteen-fold.
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.
Berkshire Hathaway-backed Chinese battery and vehicle manufacturer BYD delivered four American-made battery-electric K7M buses to the City of Columbia, Missouri’s transit agency Go COMO.
BYD’s nimble, state-of-the art zero-emission 30-foot K7M battery electric buses, manufactured in the United States, are perfect for helping maintain Columbia’s college town feel, shuttling students and workers to their destinations in quiet comfort.
“We are thrilled to partner with Go COMO,” said Patrick Duan, BYD North America Vice President. “Our American-built buses are well-made, reliable and bring innovative technology to Main Street in communities around the nation like Columbia.”
With the launch of these award-winning BYD buses, Columbia becomes the first city in Missouri to put zero-emission transit vehicles into revenue service.
“We are excited to already have our four new buses in circulation at Columbia. We are dedicated in continuing to provide sustainable transportation options to residents and visitors of Columbia,” said Dale Lynn, City of Columbia, Missouri transportation superintendent.
Working at BYD’s factory in Lancaster, Calif., members of the Sheet Metal, Air, Rail and Transportation Workers – SMART Union, Local 105 – constructed the innovative and technologically superior K7M for the City of Columbia to include 22 seats, and a range of up to 150 miles. The bus has a charging time of 2.5 to 3 hours.
In August, BYD delivered three K7Ms to another Missouri customer, the Kansas City International Airport, bringing the airport’s total fleet of BYD’s American-made electric buses to seven. KCI was the first airport in the nation to deploy electric buses, using the K7Ms as parking lot shuttles, bringing passengers to the airport’s terminals.
A Profitable EV Company
BYD recently reported a net profit of 1.66 billion yuan (roughly 242 million U.S. dollars) for the first half of 2020. The net profit rose 14.29 percent over the same period in 2019.
Through June 30, BYD had revenue of 60.5 billion yuan, down 2.7 percent year on year, according to BYD’s financial report filed with the Shenzhen Stock Exchange.
Despite the global pandemic, BYD projects 2.8 billion yuan to 3 billion yuan of net profit in the first three quarters of this year, which would be an increase of 77.86 percent to 90.56 percent from the same period of 2019.
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 sixteen-fold.
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.
Shares of Berkshire Hathaway-backed Chinese battery and vehicle manufacturer BYD Co., Ltd. jumped 14.58% on Wednesday, as the company racked up 40,000 orders in the first two months in China for its new plug-in electric Han luxury car.
BYD’s stock (BYDDF), which had been as low as $4.35 on March 23, closed at $16.22 on Wednesday.
The Han EV will be sold in China at first. Its extended-range version will sell at 229,800 RMB (approximately $32,800), the extended-range variant of the premium model will be priced at 255,800 RMB (about $36,500), and the 4WD high-performance version will sell at 279,500 (about $40,000) RMB. Besides, the PHEV version, Han DM, will sell at 219,800 yuan (about $31,400).
The Han is the first mass-produced model that uses BYD’s ultra-safe Blade Battery, and its performance stats are impressive.
Han EV’s long-range pure electric version has a 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 (approximately 62 mph) in just 3.9 seconds, making it China’s fastest EV in production, and 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 comes with the world-first MOSFET motor control module, which fuels the car’s record-breaking 3.9 second 0-100km/h acceleration, and the Han’s braking distance requires only 32.8 meters from 100km/h to a standstill.
The Han EV’s extended-range version’s 605-kilometer cruising range also gives it the world’s highest energy recovery rating. The Han DM hybrid model comes with 81 kilometers of pure-electric cruising range and over 800 kilometers of integrated range, along with five different power modes.
The company claims that its ultra-safe Blade Battery makes it twice as safe compared to EVs using traditional ternary lithium battery packs. The Han’s DM is powered by a “seven-dimensional quad-layer” safety matrix that remain stable at high temperatures.
Mr. Wang Chuanfu, President of BYD Co., Ltd., said, “The Han has taken ten years from the concept stage to formal mass production,” which he 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.”
The Han comes with the latest version of BYD’s DiPilot intelligent driving assistance system, including a wide array of safety features like an adaptive stop-and-go cruise-control system (ACC-S&G), a forward-collision warning system (FCW), a pedestrian identification and protection system, a lane departure warning system (LDWS), traffic sign identification, and much more. The Han can be upgraded with even higher-level functions including BYD’s ICC Intelligent Navigation System, the ICA Integrated Adaptive Cruise System, and the TJA Traffic Congestion Assistance System. In addition, the extended-range premium and 4WD high-performance models provide blind spot monitoring, lane-change assistance, rear collision early warning and other leading functions, which can be upgraded to a comprehensive automatic parking function.
DiPilot also comes with the DiTrainer mode, which selectively turns on assisted driving based on factors such as driving behavior, road conditions, weather, and even driving age. The DiLink 3.0 Smart Network system comes with smart voice upgrades and a DiUI upgrade, with a 15.6-inch Ultra HD 8-core adaptive rotary suspension PAD, bringing the even smarter luxury sedan.
As for styling, BYD’s new Dragon Face design language uses both Eastern and Western design aesthetics. From its striking front grille, its Dragon Claw tail lights and other features, the car’s stylized design creates a striking, confident vehicle that defines a new era for Chinese-made luxury vehicles. The interior is equipped with solid wooden panels, high-quality Napa leather seats, aluminum trims and other high-end materials rarely used in other high-end luxury vehicles.
A Profitable EV Company
BYD recently reported a net profit of 1.66 billion yuan (roughly 242 million U.S. dollars) for the first half of 2020. The net profit rose 14.29 percent over the same period in 2019.
Through June 30, BYD had revenue of 60.5 billion yuan, down 2.7 percent year on year, according to BYD’s financial report filed with the Shenzhen Stock Exchange.
Despite the global pandemic, BYD projects 2.8 billion yuan to 3 billion yuan of net profit in the first three quarters of this year, which would be an increase of 77.86 percent to 90.56 percent from the same period of 2019.
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 sixteen-fold.
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 Canada has announced that ten zero-emission, 40-foot K9M battery-electric buses will be put into service by the Toronto Transit Commission (TTC), in Toronto, Ontario.
TTC is Canada’s largest and North America’s third largest transit operator.
“This is an important milestone for the city, for the province and for BYD and we can’t wait for Torontonians to see what BYD’s combination of best-in-class technology, and Canadian know-how can deliver for their city,” BYD Canada Vice President Ted Dowling said.
“We know of course that this moment, this kind of innovation, doesn’t just happen – it takes leadership and real champions at the table to make it work. On behalf BYD, I’d like to thank Mayor John Tory, Minister Catherine McKenna, TTC Chair Jaye Robinson and CEO Rick Leary and of course Councillor Denzil Minnan-Wong for their strong commitment to a clean, green future for Toronto, and their investment in good, Canadian jobs to get it done.”
This is a significant a milestone for BYD, as these ten buses are the first to hit the road from BYD’s 45,000-square-foot assembly facility in Newmarket, Ontario; the first new electric bus plant to open in the province in a generation. The assembly of these buses created 30 jobs and are the first buses built in Ontario since Orion closed its plant in 2012.
“Beyond the jobs they create, these ten buses delivered to Toronto will help remove nearly 8400 metric tonnes of GHG from the atmosphere over their lifetime –just imagine what we could do with more. We’re proud to be a partner in helping make Toronto’s vision of an emissions free transit system– and we look forward to continuing this wonderful partnership for many years to come,” continued Dowling.
The Toronto Transit Commission is one of several customers in Canada purchasing zero-emission, battery-electric BYD buses. This order represents a significant advance toward TTC’s goal of purchasing all emission-free buses beginning in 2025 and completing a fleet conversion by 2040. Each of these new buses will remove approximately 9 Metric tons of nitrogen oxides, 159 kilograms of diesel particulate matter, and approximately 1,530 Metric tons of CO₂ from the atmosphere over the 12-year lifecycle of the vehicle.
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 twenty-fold.
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.
Chinese battery and vehicle manufacturer BYD was selected by the State of California to be a supplier of motor coaches, giving customers the convenience and competitive pricing of a pre-established contract.
Under the purchasing contract, entities can buy three BYD models: the K10M 45-foot low-floor coach and the C9M 40-foot high-floor coach; and the C10M 45-foot high-floor coach.
BYD’s buses are assembled at its plant in Lancaster, California.
The statewide purchasing contract was created to assist transit agencies meet the California Air Resources Board’s Innovative Clean Transit regulation, which requires that all public transit agencies transition to zero-emission buses, with all new bus purchases to be zero-emission by 2029 and the goal of complete fleet transition by 2040. There are over 200 public transit agencies in California operating more than 14,000 transit buses.
The statewide contract will also be available to governmental entities outside of California.
“This is a big win for transit agencies and operators throughout the United States,” said Patrick Duan, Vice President of BYD North America. “By leveraging California’s purchasing contract, transit agencies benefit from the convenience of an existing contract and competitive pricing. BYD will supply its zero emission U.S-made coaches to California and America with pride.”
BYD had a net profit of 1.66 billion yuan (roughly 242 million U.S. dollars) for the first half of 2020. The net profit rose 14.29 percent over the same period in 2019.
BYD is the world’s largest manufacturer of electric vehicles.
BYD and Berkshire Hathaway
In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares. It is an investment that has paid off handsomely, as Berkshire’s original investment of $230 million has grown in value almost twenty-fold.
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 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.
Chinese battery and vehicle manufacturer BYD had a net profit of 1.66 billion yuan (roughly 242 million U.S. dollars) for the first half of 2020. The net profit rose 14.29 percent over the same period in 2019.
Through June 30, BYD had revenue of 60.5 billion yuan, down 2.7 percent year on year, according to BYD’s financial report filed with the Shenzhen Stock Exchange.
Despite the global pandemic, BYD projects 2.8 billion yuan to 3 billion yuan of net profit in the first three quarters of this year, which would be an increase of 77.86 percent to 90.56 percent from the same period of 2019.
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 twenty-fold.
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.
Chinese battery and vehicle manufacturer BYD has delivered 33 battery-electric buses to the island nation of Barbados, opening up an exciting new chapter in the region’s efforts to tackle climate change.
The buses were delivered to the Barbados Transport Board, providing zero-emission operations and improving the efficiency of public transportation. Two more of the 30-foot buses will be delivered by December.
The bus delivery is an important milestone for the Barbados National Climate Change Plan, which sets a goal of 100% renewable energy and carbon neutrality by 2030.
According to BYD, it has sold its pure electric buses to more than 300 cities in over 50 countries and regions.
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 twenty-fold.
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 has delivered three more American-built K7M buses to the Kansas City International Airport (KCI), which (by the way) was the first in the nation to use battery-electric buses for its passengers and visitors.
The 30-foot K7M buses will serve as parking lot shuttles, bringing passengers to the airport terminals. The buses will join four other K7Ms at KCI.
Members of the Sheet Metal Air, Rail and Transportation Workers (SMART) Union, Local 105, built the buses and the rest of KCI’s electric fleet at BYD Coach and Bus in Lancaster, California, USA.
“We’re honored that the forward-thinking leaders of KCI have once again chosen BYD buses to serve its passengers,” said Patrick Duan, BYD Vice President North America. These battery-electric buses will help keep Kansas City’s air clean, lower the airport’s operating costs and at the same time provide customers with a quiet, comfort ride.”
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, as Berkshire’s original investment of $230 million has grown in value almost twenty-fold.
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 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.