Tag: BYD Co

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China’s BYD Company has introduced 100 electric taxis in Singapore, forming the biggest e-taxi fleet in South East Asia. The commercial introduction of the pure electric e6 cars also represents the largest investment of its kind by a Chinese electric car manufacturer.

This latest injection of electric taxis into Singapore’s transport network was launched amidst much fanfare from 300 attendees including the Secretary General of the National Trade Union Congress Chan Chun Sing, diplomats and various BYD representatives.

The expansion comes two years after BYD’s fleet of 30 e-taxis first hit the country’s roads in 2014, operated by HDT Holdings, the only e-taxi operator in Singapore, in partnership with the ride hailing company Grab. With the highly recognized customized service of the 30 e-taxi fleet, HDT Holdings got a special permission from the local government to run another 100 e-taxis and called up a tender for the fleet. BYD won this tender to provide the 100 e-taxis to HDT based on its global experience in the industry and the previous successful cooperation with them. “BYD’s electric cars have become our calling card,” said HDT Holdings General Manager James Ng.

Singapore has gradually adopted environmentally friendly policies over the years. The introduction of the 100 e6 taxis is estimated to save the island state around 46,400 tons of carbon emissions a year roughly equivalent to saving 26,000 trees.

“This is only the beginning, as there will be more BYD products and services for Singaporeans in the future,” said Liu Xueliang, General Manager of BYD Asia Pacific Auto Sales Division. “BYD will continue to support Singapore in its noble ambition for sustainable transportation.”

The BYD e6, an all-electric compact crossover/compact MPV, has zero emissions and offers a range of 400 kilometers. There are e6 taxi fleets in China, Colombia, Belgium, Netherlands, U.K., and the U.S.

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 is now worth roughly $1.77 billion.

For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.

© 2017 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 Company, the world’s largest supplier of rechargeable batteries, has launched its newly expanded line-up of B-Box Battery Energy Storage Systems in Australia, one of the world’s fastest growing residential energy storage markets.

The B-Box aims squarely at the same market as Tesla’s Powerwall.

BYD’s easy-to-install modular battery cabinets are available in a HV (high-voltage) model for both commercial and residential use, as well as in a LV (low-voltage) model for residential use. At the same time, BYD announces 4 authorized distributors for the B-Box sales in Australia, Sol Distribution Pty Ltd., RF Industries Pty Ltd., 360 Energy Pty Ltd and Solar Australia Pty Ltd.

The latest BYD storage systems are IP55 certified, meaning the storage systems are protected against the elements and hostile environments. They are based on the company’s proprietary Lithium Iron-Phosphate (LiFePO4) storage chemistry, which has an outstanding safety record and makes it the ideal technology for countries like Australia.

The B-Box HV Series employs a modular design with battery capacities ranging from 5.6 to 10.08 kWh, providing more than enough energy for the average household and can be scaled up to 50kWh for commercial and industrial applications. The B-Box LV Residential Series is available in four capacities ranging from 2.5 to 10.0 kWh and can be scaled up to 80kWh.

Together with the B-Box LV Professional Series currently on sale, BYD now has a complete energy storage product line-up in Australia.

BYD has chosen Australia to launch its expanded B-Box battery storage systems because the country is currently one of the most attractive markets for solar PV and storage deployment. A combination of the expiry of various state-based feed-in tariff schemes, high and rising electricity tariffs and plentiful sunshine make battery storage coupled with rooftop solar extremely attractive to households and businesses.

According to a 2016 report published by IHS, Energy Storage Intelligence Service, behind-the-meter storage installations are expected to double each year through 2018, with more than 30,000 Australian homes having solar and energy storage systems by 2018.

The BYD B-Box can help households and businesses to slash their electricity bills by storing the output of their rooftop solar panel systems for use in the evening, when household electric appliance demand tends to rise. The B-Box can minimize the amount of solar energy that is fed back to the grid, as well as the impact of costly electricity tariffs.

“The B-Box series offers a wide range of renewable power capabilities to meet light to heavy electrical load usage, off-grid or on-grid, single-phase or three-phase applications.” said Julia Chen, Global sales director, BYD Batteries. “Ideally, the B-Box can be integrated to a fully sustainable energy-independent enterprise or lifestyle, enabling its users to reduce reliance on electricity from fossil fuels, especially when combined with BYD’s solar power systems, thus drastically cutting energy 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 is now worth roughly $1.77 billion.

For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.

© 2017 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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With everyone in China celebrating the Lunar New Year, BYD Company must certainly be celebrating its spectacular EV car sales in 2016.

The Chinese battery and car manufacturer saw its 2016 EV sales rocket up a dramatic 70% over 2015.

For the year, BYD sold roughly 100,000 cars as compared to 59,000 in 2015.

BYD’s sales leader was its pure-electric E6 sedan, which sold over 20,000 units for the year. The 5-passenger car uses BYD’s iron-phosphate battery to achieve a range of roughly 186 miles (300km).

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 is now worth roughly $1.77 billion.

For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.

© 2017 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 Company has been officially selected as the recommended company by the evaluation committee in Argentina for the purchase of 50 electric buses on behalf of the Ministry of Environment.

The tender was launched by the Ministry of Environment as a pilot project for the introduction of electric public transport in different cities throughout the country.

The bid evaluation committee chose BYD amongst a pool of 5 bidders for its successful 12-meter electric bus, which is already widely used in cities such as London, Los Angeles, and Amsterdam.

BYD begun the promotion of its technologies in Argentina in 2011 through its local subsidiary, especially those related to electric vehicles and public transport. In November 2011, the company signed its first MOU with the Ministry of Industry and the Secretary of Transport.

During BYD’s senior-level management visit to the country in May 2016, Argentinian President Mauricio Macri and Minister of Environment Sergio Bergman expressed their high expectations for the introduction of BYD technologies and electric vehicle models to their nation’s public transportation systems.

BYD expects to receive the necessary allocation within the next few weeks.
To better satisfy market demands, BYD plans to build a new local manufacturing plant in Argentina. This plant would bring foreign investment to Argentina, and will have a significant impact in the creation of new jobs.

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 is now worth roughly $1.77 billion.

For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.

© 2017 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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Turin will be the first city in Italy to deploy BYD Company’s pure electric buses.

The Chinese battery and vehicle-maker also recently announced its buses will be purchased by transit systems in Iran and Korea.

The city of Turin is purchasing 19 BYD ebuses delivering zero emission transport on city streets.

BYD won the country’s first big tender for 12 metre pure electric buses which was awarded on September 23, 216. The contract has a total value of over €10 million.

The tender is for long range, full size buses to operate on Piedmont Region’s urban transport networks.

BYD will supply a fleet of 12m ebuses together with the provision of full service support for 10 years. The buses use BYD’s Iron Phosphate (or “Fe”) Battery.

BYD ebuses will begin serving the major cities of Piedmont in summer 2017, and the ebuses will connect the city centers with suburban areas.

“Thanks to the vision of GTT to make Turin green this order ensures that Italy, together with the UK and France, is a top market for BYD in Europe”, said Isbrand Ho, Managing Director of BYD Europe. “We have consistently said that we would have ‘lift off’ in Europe when our order book exceeded 100 ebuses. These Italian orders bring the current total to over 100 units: we have truly arrived. What a way to end 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 is now worth roughly $1.77 billion.

For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.

© 2016 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 renewable energy technology leader BYD Company has become the first company to supply pure electric vehicles to Iran.

BYD’s strategic partnership with the country’s largest private passenger car manufacturer Kerman khodro will also see the Shenzhen-based company export other leading technological products to Iran including hybrid vehicles, electric commercial vehicles and rechargeable batteries.

“Our partnership with Karmania is an important step in expanding our Middle East operations,” said AD Huang, General Manager of BYD’s Middle East and Africa Auto Sales Division. “Iran’s new energy vehicle market has vast potential because the government of Iran has the foresight of sustainable development. We endeavor to use our excellent technology to provide quality products and service to the people of Iran.”

“We are very positive about the future of new energy vehicles in Iran because of BYD’s mature technology, the scale of its production and operational success,” said Karmania CEO Pooya Salari Sharif. Karmania is a subsidiary of Kerman that specially for BYD.

BYD’s commercial initiatives in the Middle East and Africa presently include energy storage, new energy vehicles and solar power generation.

According to a statement by BYD, Iran is just one of several Middle Eastern countries responding to climate change concerns through various environmentally friendly policies such as tax breaks for new energy vehicles. These initiatives also assist nations in reducing their dependence on fossil fuel.

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 is now worth roughly $1.77 billion.

For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.

© 2016 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 Korea Co. Ltd., along with South Korean firm Ezwelfare Co. Ltd, has sold 21 units of its 7m pure electric coaches to Jeju Island, a popular South Korean vacation spot.

The deal is the largest order ever placed by South Korea for electric buses and the largest ever won by an electric coach manufacturer in the developed countries in East Asia.

The local government of Jeju Island aims to make all vehicles electric by 2030 as a way of protecting the environment, which is its main drawing card for the tourism sector on which it depends.

The province also plans to complete an extensive network of charging stations as part of the initiative.

The local government’s landmark deal with BYD is a step towards realizing its vision.

“Jeju Island’s ambition to become carbon neutral by 2030 is in line with BYD’s aims of full transport electrification,” said Liu Xueliang, General Manager of BYD’s Asia Pacific Auto Sales Division. “We are honored to introduce BYD electric vehicles to South Korean market along with the BYD SkyRail, our straddle monorail. These will enable residents of both Jeju Island and the rest of South Korea to reap the benefits of new energy products.”

The deal comes just weeks before BYD’s 12m pure electric bus make their commercial debut in South Korea after being used as an official vehicle at the 3rd International Electric Vehicle Expo in March 2016. The delivery of the 12m electric bus will add to the list of BYD electric vehicles already in the market including forklifts.

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 is now worth roughly $1.77 billion.

For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.

© 2016 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.