Tag: BYD Co

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BYD Canada has been awarded an order for zero emission, battery-electric buses by WESTCOAST Sightseeing, the first tour company in Canada to order clean energy buses, and the first to commit to having a 100% clean-energy fleet by 2023.

Battery and Electric Vehicle Pioneer BYD is the world’s largest manufacturer of electric vehicles and batteries, and the overwhelming global leader in battery-electric buses.

The largest private bus operator in Vancouver, WESTCOAST Sightseeing has agreed to work exclusively with BYD on converting their entire fleet of 90 buses, which will include open top buses, double decks and singles and others. WESTCOAST Sightseeing will also work with city to develop charging infrastructure that will not only benefit WESTCOAST but many other companies that want to reduce their greenhouse gas emissions and climate impact.

“Our business is built around the natural beauty of our home and we are especially conscious of the impact our day-to-day operations has on the environment,” said Rob Safrata, Chief Executive Officer of WESTCOAST Sightseeing.” We are proudly working towards a greener and more sustainable future. And adding electric buses and boats is the first step to achieve our goal in 2023 of becoming the first Sightseeing firm in Canada with 100% electric vehicles.”

WESTCOAST Sightseeing recently added Electric Harbour tours to its line of sightseeing products, providing the first Harbor tour on a 100% electric boat in Vancouver.

The BYD battery-electric buses will make an immediate improvement to air quality and noise levels for the B.C. region. These buses alone will deliver a reduction in carbon emissions of some 4,500 Metric Tons of carbon emissions per year based on EPA standards.

“CEO Rob Safrata has long held a clean energy vision and we are excited to be working with him,” said BYD Canada’s Vice President Ted Dowling. “This aligns perfectly with the recent announcement by British Columbia Premier John Horgan for the need to find other ways to reduce emissions.”

BYD is the world leader in zero emission buses.

BYD Canada was the pioneer in Canada and is now the market leader. In addition to this BC order, BYD Canada has buses on order or in operation for Société de transport de Montréal (STM) and the Réseau de transport de Longueuil (RTL) in Quebec; Toronto Transit Commission (TTC) in Ontario; and St. Albert (STAT) and Grand Prairie in Alberta. BYD had more electric buses on the Canadian roads than any other firm.

Investing more than $250 million in North America to date, BYD has delivered more than 270 buses in North America; and sold or leased in excess of 600 buses in total to more than 50 municipal, transit agency, university, airport, federal and other commercial and private sector clients in 14 U.S. states, and across 4 provinces in Canada.

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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China’s BYD recently delivered 101 of its e6 electric taxis to Bangkok, Thailand.

The e6 is powered by BYD’s proprietary lithium iron phosphate battery which is renowned for being safe, stable, and fast charging. With just two hours of charging time, BYD cars are able to travel up to 400 kilometers.

The BYD order is one of the city’s largest electric taxi fleet orders, and the company aims to introduce 1,000 pure electric taxis in Thailand by 2019.

The new e6 fleet will be utilized as VIP taxis and as part of a car sharing service.

The official selection of BYD as the provider of the country’s first fleet of pure electric taxis is in line with the country’s ambitions of having 1.2 million green energy vehicles ply its streets.

Taxis and buses are a major source of Thailand’s air pollution. With over 100,000 taxis and around 43,000 buses traversing hundreds of kilometers daily between Bangkok and its surroundings, the area suffers from a high level of vehicle exhaust emissions.

“Electric vehicles are being adopted around the world because they are cleaner and less noisy compared to combustion engine vehicles,” said Sanit Promwong, the Director of the Land Transport Department of Thailand. “We ultimately want our people to have a better living environment.”

Thailand has introduced policies ranging from tariff to corporate income tax cuts to boost the production and use of electric cars in the country.

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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BYD has been successfully selected as one of the suppliers for the State of Georgia’s Statewide Contracts for Public Mass Transit & Transportation Vehicles, specifically for battery-electric buses.

The resulting statewide contract will be a “convenience” source for all State of Georgia governmental entities, including but not limited to state offices, agencies, departments, boards, bureaus, commissioners, institutions, colleges, universities, as well as local government, municipalities, cities, townships, counties and other political subdivisions of the State of Georgia.

The statewide contract will also be available to other Governmental entities outside of the State of Georgia.

By leveraging the state’s purchasing power, local governments and transit agencies can benefit from the convenience and competitive pricing of these pre-established contracts. Under the purchasing contract, entities can buy BYD:

• Coaches – the 23-foot C6M, the 35-foot C8M, the 40-foot C9M, and the 45-foot C10M;
• Buses – the 30-foot K7M, the 35-foot K9S, the 40-foot K9M, and the 60-foot K11M.

In addition, BYD has been successfully selected as one of the suppliers for the City of Atlanta’s purchasing contract for electric vehicles, which includes battery-electric heavy duty trucks, support/taxi fleet vehicles, and buses. Departments from the City of Atlanta will be able to purchase from this contract, which will ensure competitive pricing and quicker deployment of the zero-emission battery-electric vehicles.

Furthermore, outside agencies will be able to purchase vehicles under a co-operative agreement with the City. Vehicles in this agreement include the following:

• Buses – 30-foot K7M, 35-foot K9S, 40-foot K9M, 60-foot K11M;
• Coaches – 23-foot C6M, 35-foot C8M, 40-foot C9M;
• Trucks/Vans – 5F (Class 5), 6F (Class 6), 6D (Class 6) Step Van;
• Support and Taxi Fleet – e6 Five-Door Sedan

BYD’s medium and heavy duty all-electric vehicles will help Atlanta achieve its goal of reducing greenhouse gases by 20% from 2009 levels by 2020 and by 40% by 2030.

“BYD is excited to be working with customers in Georgia and we look forward to growing our presence in the state and improving the air quality for Georgians, “stated Bobby Hill, Vice President of North America, BYD Coach and Bus.

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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BYD has announced that the Chattanooga Regional Transportation Authority (CARTA) has taken delivery of their first three BYD K9 electric buses this week.

“We’re excited about receiving all three vehicles, and getting them out on the streets and tested,” said Lisa Maragnano, CARTA Executive Director. “We’re pleased about the enhanced service CARTA will to provide to the City of Chattanooga and Hamilton County through our partnership with BYD and Momentum Dynamics. Our new electric buses charge fast, efficiently and run emissions free all day. We look forward to the expansion of our electric vehicle fleet.”

As an early adopter of electric vehicle technology, CARTA has paved the way for a cleaner, smarter and more sustainable future in the transportation industry.

Earlier this year they received a “Smart City” award for their innovative electric vehicle charging and car share project. The integration of more electric buses will help CARTA achieve their goal of having a zero-emissions fleet.

Chattanooga is aggressively pursuing non-traditional transportation planning and infrastructure.

Momentum Dynamics developed a 200-kilowatt wireless charging system to support zero-emission transit buses in Chattanooga. The system automatically charges as passengers load and unload.

“We thrilled to partner with such a forward-thinking transit agency as CARTA. We believe our zero-emission buses are a perfect fit for their plans to use clean technology vehicles to serve their customers and help keep their region’s air clean,” said Bobby Hill, Vice President of BYD North America, Coach and Bus.

BYD North America also recently announced its joint venture with Generate Capital, Inc., a leading financier, owner, and operator of distributed infrastructure, to launch the first electric bus leasing program of its kind in the United States. The firm is also the first electric bus manufacturer with a unionized workforce at its cutting-edge facility of more than 800 employees in Lancaster, California.

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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BYD Canada has received orders for nine long range, zero emission, battery-electric buses.

The orders came the Société de transport de Montréal (STM) and the Réseau de transport de Longueuil (RTL).
RTL will receive five 30-foot buses and STM will receive an order of four of the same model.

The buses will make an immediate improvement to air quality and noise levels in both cities. These buses alone will deliver a reduction in carbon emissions of more than 600 metric tons each year. This will mean a total reduction of 7200 tons over the operating life of the vehicles.

“Long range Electric Battery buses make sense in Quebec,” said BYD Canada’s Vice President Ted Dowling. “We are using Hydro Quebec’s clean electricity to charge our buses overnight. This is the best use of surplus power and will save STM and RTL over $100,000 a year in diesel costs.”

The order from Longueuil was BYD Canada’s first order of heavy duty electric buses in Quebec. Together with STM’s order in Montreal this is the beginning of a large transit transformation to zero emission vehicles in the Province.

“The buses are the first of what we hope will become an important part of the fleets in both communities and others in Quebec,” said Dowling. “This would not have happened without the climate change leadership shown by Mayors Valerie Plante and Sylvie Parent, in Montreal and Longueuil, along with the support of their transit agency leaders in STM and RTL.”

The order puts STM and RTL ahead of the Federal Ministry of Environment and Climate Change’s new carbon pollution regulations for heavy-duty vehicles starting in 2020.

BYD is the world leader in zero emission buses. BYD Canada was the pioneer in Canada and is now the market leader. In addition to this ground-breaking order in Quebec, BYD Canada has buses on order or in operation in Toronto, Victoria, and St. Albert and Grand Prairie in Alberta.

There are over 35,000 BYD electric buses currently in service worldwide.

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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Move over London, America’s commuters will soon be riding high.

China’s new energy company BYD will be bringing its double-decker electric buses to the United States.

The company has yet to reveal the city that the buses where the buses will be going into service, but its most likely in California, as BYD notes that its 45’ Electric Double-Decker Coach is eligible for California’s California Air Resources Board Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).

Under HVIP, eligible purchasers will receive a $175,000 voucher, and first-time purchasers through the HVIP program will receive an additional $10,000 off.

The official announcement of the location will be made in Q3, according to the company.

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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China’s BYD is the Vineyard Transit Authority’s (VTA) answer to soot emitting diesel buses on the island of Martha’s Vineyard off the coast of Massachusetts.

VTA is putting BYD battery-electric buses on the island’s routes right in time for the heart of tourist season.

BYD has delivered five buses and a sixth will be in service by the end of July.

The six-bus order includes four BYD K9S 35-foot models and two K7 30-foot models.

VTA’s plan to convert its entire fleet to pure electric. The VTA has announced it will purchase an additional four BYD buses.

“We are excited to begin transforming our fleet with these six BYD electric buses,” said Angie Grant, Administrator of Vineyard Transit Authority. “VTA is the first transit agency in Massachusetts to commit to going all-electric. This delivery is a milestone for both VTA and our state to begin the shift of electrification.”

According to VTA, it selected BYD for irs first set of electric buses based on BYD’s battery warranty, mile range and selection of sizes and models, which accommodate Martha’s Vineyard’s road network.

“We are thrilled to partner with VTA in helping to create a more sustainable world. Many agencies look to VTA for its industry-leading practices and consciousness. They service an area that is in high demand year after year and they set the bar for forward thinking,” stated Bobby Hill, senior vice president of BYD.

The proprietary BYD Iron-Phosphate batteries that power the K7 and K9S are manufactured in Lancaster, California.

The company’s revolutionary battery is nontoxic, 100% recyclable, fire-safe and incredibly long-cycled. BYD is the first and only electric bus manufacturer in the world to offer a 12-year warranty on its batteries.

The K7 electric bus has a capacity of 22 passengers, while the K9S features a capacity of up to 32 passengers, depending on the precise configuration. The new buses will produce no emissions, make oil changes a thing of the past and offer dramatically lower maintenance costs.

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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China’s BYD has formed a strategic cooperation agreement with Changan Automobile to produce batteries for electric vehicles.

The companies will manufacture up to 10 GWh of batteries, and have also announced that they will research autonomous driving and various new energy vehicle technologies.

BYD and Changan plan for the total battery production capacity of 10GWh to be reached in two stages. The first will reach 5-6GWh and the second stage 4-5GWh.

They will also work together to recycle EV batteries.

Changan, headquartered in Chongqing, China, is a state-owned enterprise that manufactures passenger cars, microvans, commercial vans and light trucks.

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.