Tag: BYD Co

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Chinese battery and vehicle maker BYD will deliver three 8Y electric yard tricks to PepsiCo.

The company’s Frito-Lay facility in Modesto, California, will test out the trucks as part of a state project designed to showcase economically and environmentally sustainable warehousing and distribution technology.

The BYD 8Y electric yard trucks are part of what the California Air Resources Board (CARB) has termed a bold and transformative effort to replace the use of all diesel-powered freight equipment within one of Frito-Lay’s largest facilities.

“We’re honored to be part of this major milestone demonstrating the operational, economic, and environmental sustainability benefits of our zero-emission trucks,” said John Gerra, BYD Director of Business Development, Electric Trucks. “BYD trucks are out there right now working hard every day throughout California.”

The San Joaquin Air Pollution Control District is the lead agency with funding from CARB’s Zero and Near-Zero Emission Freight Facilities program.

The Frito-Lay Zero and Near-Zero Emission Project: Modesto, CA is part of California Climate Investments, a statewide program that puts billions of Cap-and-Trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health and the environment — particularly in disadvantaged communities.

The project includes equipment testing, a one-year demonstration period, data collection, and associated reporting. The San Joaquin APCD anticipates the various equipment to be rolled out at different times to complete the demonstration, with full project completion in early 2021.

CARB anticipates the project will be emulated statewide.

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.

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Chinese battery and vehicle maker BYD and Volkswagen Group’s premium car brand, Audi, are reportedly in advanced stages of negotiation on an agreement that would see BYD become a key battery supplier for Audi’s EV cars.

The batteries would equip cars the Premium Platform Electric architecture jointly designed by Audi and Porsche engineers.

Audi has announced 15 EVs, which it plans to bring to market by 2025, with the first debuting in the spring of 2022.

Volkswagen has been working with BYD’s Chinese competitor CATL, and has been looking to broaden its battery sourcing as it looks toward a heavily electric vehicle future.

Volkswagen work with CATL goes back to its development of its battery-assisted start/stop system, and CATL also has been working with BMW since 2011.

Volkswagen first began exploring battery development with BYD in 2009.

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.

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Chinese battery and vehicle maker BYD now has its pure electric buses running at the Kansas City International Airport.

The Kansas City International Airport added four BYD K7 transit buses to their bus fleet and is now greener than ever.

The K7 seats 22 plus the driver and has a range of up to 150 miles and a top speed of 56 mph.

The buses use BYD’s iron phosphate batteries, and have a charging time of 2.5-3 hours.

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.

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A fleet of Chinese battery and vehicle maker BYD’s electric buses are now rolling through the streets of Indianapolis as part of IndyGo’s new Red Line transit system.

IndyGo’s Red Line began service on September 1, 2019, and feature a 31-strong fleet of BYD’s 60-foot buses that travel along bus-only lanes.

The buses have a stated battery range of 275 miles, but in 51 tests that included Indianapolis’s frigid winter weather, the buses fell short of that performance level. In response, BYD, which has an association with Momentum Dynamics, agreed to provide wireless charging platforms at either end of the route in order to boost the buses’ charge level throughout the service day.

The Red Line is the first of IndyGo’s Bus Rapid Transit systems, providing increased frequency, reliability, comfort, and convenience at a fraction of the cost of light rail.

Unlike far-spaced light rail, the permanence of BRT infrastructure all along the corridor supports increased private investment, contributing to increased economic opportunity and quality of life.

Running for 13 miles, IndyGo’s new Red Line is billed as a milestone in improved capacity, comfort and comprehensive accommodation for every rider’s experience.

The Red Line corridor is the densest corridor of both residents and employers within Marion County.

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.

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Chinese battery and vehicle maker BYD has now installed 1 GWp in solar panels in Brazil.

BYD – a global leader in new energies – is immensely proud to have contributed significantly to the south American country reaching the overall mark of 3 GWp installed (1 GWp in distributed generation only), according to projections of the Brazilian Association of Photovoltaic Solar Energy (ABSOLAR), and data from Aneel.

In 2017, BYD opened its second Brazilian factory in the city of Campinas, exclusively to produce PV solar panels. Two years earlier, BYD also set up a electric bus production line in Campinas, and also began selling electric vehicles (EVs) and forklifts.

According to Aneel, there were 31,896 new connections of micro and mini generators in the Brazilian power network by the end of June 2019, compared to 35,139 systems installed throughout 2018. Considering installed capacity, the volume in the first half of 2019 was about of 361 Megawatts (MWp), which represents 91.85% of all installation in 2018 (393 MWp). These numbers confirm the growing size and importance of PV solar projects in Brazil.

Gustavo Tegon, Sales Manager at BYD Energy Brazil points out that the company, which is already a global leader in the manufacture of solar panels and energy storage systems, is also a setting a benchmark in Brazil. “Following the establishment of the solar panel factory in Campinas, much of the emerging solar market in Brazil has opted for BYD products for their quality, technology and delivery capability. Having reached almost 1/3 of the national market is a proof of our excellence. ”

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.

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Chinese battery and vehicle maker BYD has delivered 100 new BYD electric buses to the port of San Antonio.

Three Chilean Ministers (Transportation, Energy and Environment) welcomed the buses, together with representatives of BYD, Enel and Metbus.

The buses, BYD K9FE, were shipped from the port of Shanghai on July 1, and landed on Wednesday, beginning the overland journey from San Antonio to the Chilean capital Santiago, where they will be integrated into the fleet that operates on the Avenida Grecia, the only completely electrified bus line in all of the Americas, and one that benefits more than 660 thousand people weekly.

Following the arrival of this batch of electric buses, another 83 units will be added in mid-August. These 183 units of BYD pure electric buses will join the 100 electric buses that BYD and local partner Enel brought into Santiago last December, which gave BYD a dominant share of more than 60% in the capital’s promising electric bus market, and created the largest pure electric bus fleet in Latin America.

Minister Hutt pointed out that “the arrival of this new fleet of electric buses demonstrates once again that the qualitative leap in public transport will not change, as well as our commitment to continue raising the quality of people’s travel experience and, of course, their quality of life. It is a profound and radical transformation, which is embodied in the next tenders that we are promoting”.

With the arrival of the new electric buses, about 6% of the capital’s fleet is now electrified and emissions-free. These 12-meter vehicles, like those already operating in Santiago, have Wi-Fi, USB ports, universal accessibility for people with reduced mobility, cameras and a segregated cab for driver safety, as well as padded seats and low floors.

They will be integrated during the last quarter into the existing Metbus fleet to operate the lines 506, 507 and 510, along the popular Avenida Grecia route. Metbus is also the largest pure electric bus fleet operator in all of the Americas.

“The arrival of these 100 new electric buses sees Metbus set a benchmark for electromobility in Santiago’s public transport, which makes us very proud, because we were able to incorporate this new technology in the country”, said Juan Pinto, president of Metbus. “We also opened the doors of the market so that many other bus operators are excited to bring electric buses here and several bus factories want to open in Chile to compete with these new products”.

The 183 electric buses will be powered by Enel X, which will also provide the necessary charging infrastructure by building three new charging stations in Santiago. “This new milestone for electric public transportation is framed in the context of the energy transition that Enel is leading. Our actions seek to support Chile’s transition to an ever-cleaner energy system and contribute to solving challenges as important as reducing pollution in our cities”, said Paolo Pallotti, general manager of Enel Chile.

“With this new fleet we started a consolidation process in the market and we continue to lead electric vehicle sales in Chile. All this would not be possible without our client Metbus, and also with the support of Enel X we have made possible a completely innovative financing structure,” said Tamara Berríos, Country Manager of BYD Chile. “In 2019, Chile will have the first fully electric bus route on the continent, 100% non-polluting and noise-free. The government has set Chile as a role model for the entire region and we will continue to support these electromobility initiatives”.

At present, BYD pure electric buses are successfully servicing markets in many countries across Latin America, including Chile, Colombia, Argentina, Brazil, Ecuador, and Uruguay. Globally, BYD’s pure electric buses, taxi, and other vehicles have spread to over 300 cities, in more than 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 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.

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New energy company BYD in partnership with Alexander Dennis Limited (ADL ) has sold its 100th pure electric double-decker bus for service in London.

On July 27, 2015, BYD announced a joint project worth $29.6 million deal with British bus manufacturer Alexander Dennis Limited to build 51 single-deck zero-emission buses for London.
The buses utilize BYD’s chassis and electric drivetrain with the bodies supplied by ADL.

The partnership helps London move towards its goal of having all single-deck buses totally emission-free by 2020.

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.

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Chinese battery and vehicle maker BYD has signed an agreement with Toyota Motor Corporation for the joint development of battery electric vehicles (BEVs). The two parties will jointly develop sedans and low-floor SUVs as well as the onboard batteries for these vehicles and others with the aim to launch them in the Chinese market under the Toyota brand in the first half of the 2020s.

BYD was founded in 1995 as a battery business and has grown into a total energy solution company, manufacturing not only electrified vehicles but other products such as large-size energy storage cells. The company name BYD stands for “Build Your Dreams” and core parts for electrified vehicles such as batteries, motors and power electronics are among the products that BYD develops in-house. In 2008, BYD became the first company in the world to sell mass production of plug-in hybrid electrified vehicles (PHEVs). Since 2015 onwards, BYD’s sales of BEVs and PHEVs have been ranked first in the world for four consecutive years.

In 1997, Toyota became the first company in the world to launch mass production hybrid electrified vehicles (HEVs). Since then, it has become a pioneer of electrified vehicle development, and accumulated a rich array of technologies and experience in the development, production, and sales of electrified vehicles.

To curb global warming, both BYD and Toyota seek to reduce CO2 emissions by promoting the widespread use of BEVs. To accomplish these goals, both companies believe there is a need to put aside their rivalry and collaborate; therefore, the two companies have agreed to jointly develop BEVs.

Going forward, BYD and Toyota will make use of the electrified vehicles, and battery development technologies they have acquired through their market introductions and will work together to further develop BEVs that are attractive to customers and in further promoting their widespread adoption.

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.