Tag: BYD Co

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Garbage may make you hold your nose, but that doesn’t mean the garbage truck has to.

BYD Company Ltd. and the Beijing Environmental Sanitation Engineering Group Ltd., are planning the world’s first pure electric sanitation truck lineup – a total of 26 different models – to serve the Beijing’s administration. The Beijing Environmental Sanitation Engineering Group is expected to replace 45% of its current diesel fleet for pure electric vehicles before the end of this year, and 100% of the fleet is to be switched to pure electric within 2017.

BYD’s pure electric sanitation truck lineup

With large-scale and comprehensive capabilities, the Beijing Environmental Sanitation Engineering Group is the most important sanitation company in Beijing. It is dedicated to providing a broad range of services comprising street sweeping, solid waste transportation and processing, water and air pollution management, consulting and design, vehicle manufacturing, investment and financing, and mining resources development.

The company covers the whole industry chain and is one of the most integrated companies in the environment sanitation industry in China.

The 26 models of pure electric trucks – with load capacities ranging from 1 to 32 tons – will be used as sweeping, garbage, and sprinkling trucks, carrying out multiple tasks including sweeping, collecting, compressing and transporting waste, as well as refrigerated transportation for hazardous waste. The truck lineup will cover all operational processes including collection, transportation and disposal. Amongst the trucks many advantages are low noise, zero emission, efficiency, long driving ranges, and life-time batteries.

Additionally to the BYD cutting-edge Iron-Phosphate Battery, the lineup is equipped with several other BYD core technologies. For example, the electric integrated axle assembly technology, which smartly combines the driving motor with the automatic gearbox and drive axle, largely improving transmission efficiency. At the same time, the integrated technology saves extra room for more batteries.

Another important technology is the use of the independent electric motor to control the fan, and water and fuel pumps. Additionally, an innovative design completely integrates the control systems for both the vehicle’s superstructure and chassis.

Another technology is the CAN (Controller Area Network) system, which further improves the vehicle’s reliability. The vehicle body is made of lightweight aluminum alloy which decreases the weight and extends both driving range and life span. The truck is equipped with cameras that grant a 360° view, so that the driver can monitor the whole operational process. The truck features GPS, which renders the vehicle traceable in case of emergency. Furthermore, with its Vehicle to Vehicle (V2V) feature, the truck can be used as a charging unit to serve other trucks in need of charging. Moreover, the issue of “range anxiety” is tackled because the vehicles can be fully charged in 2 to 3 hours for a driving range up to 400 km or 8 hours’ heavy-duty operation.

Diesel powered trucks have emitted gargantuan amounts of hazardous waste gases in the past years. On February 24, 2016, the State Council demanded that larger fleets of electric sanitation and logistics trucks be adopted, but BYD and the Beijing Environmental Sanitation Engineering Group had already taken action – after setting up a joint venture dedicated to manufacturing pure electric sanitation trucks in August 2015.

Additionally to the unquestionable environmental benefits, the truck’s economic benefits are obvious as well: the operational cost of an 8-ton pure electric loading truck is almost half of that of its diesel counterpart.

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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Europe’s largest fleet of electric buses are now in service in London. The 51 single-decker buses were built in Britain as part of a partnership between China’s BYD Company (electric powertrain technology and batteries) and Alexander Dennis Limited (ADL).

The 51 buses are operated by Go-Ahead London from its Waterloo garage, servicing two Transport for London (TfL) routes – 507 and 521.

The order for the BYD ADL Enviro200EV buses follows a three-year trial that proved the buses could consistently run a 16-hour shift without a recharge. The long range of these vehicles is due to BYD’s iron-phosphate battery technology and the light aluminum body manufactured by ADL in Falkirk, Scotland.

The Mayor of London, Sadiq Khan, said: “It’s vital that we act now to clean-up our capital’s toxic air and do everything we can to help prevent the thousands of deaths it causes each year. I’ve set out a comprehensive plan to improve our air, and the transformation of London’s bus fleet will play a key role in making our transport cleaner and healthier.

“These first two electric bus routes right through the heart of London are another step towards the end of conventional diesel buses on our roads. This will deliver extensive air quality benefits and position us as a true world leader in adopting ultra low emission vehicle technology.”

The introduction of this environmentally friendly bus fleet to London will contribute towards improved air quality for its residents as the buses are estimated to reduce carbon dioxide emissions by 700 tons a year.

In a trial operation, BYD is also testing the world’s first pure electric double decker buses, five of which are in service with London operator Metroline on behalf of TfL. Future versions will be built in partnership with ADL.

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 auto and battery manufacturer BYD Company Limited is bringing its pure electric service vehicles and a battery storage system to the Port of Los Angeles.

The $26 million Green Omni Terminal Demonstration Project will demonstrate zero emission technologies with Pasha Stevedoring and Terminals L.P.

The project will be the world’s first marine terminal generating all of its energy needs from renewable sources at full build-out.

BYD will provide a 2.6 megawatt battery storage system and two class eight electric yard trucks.

The state-of-the-art BYD battery storage system will be used to store solar power to recharge the BYD electric yard trucks, thus providing a sustainable and truly zero emission operation.

This project will be BYD’s first example of taking transportation off the grid and making it 100 percent renewable and self-sufficient in North America.

BYD expects to deliver the trucks and the battery storage system by the end of 2016.

BYD has been expanding the types of pure electric service vehicles it makes, and recently debuted pure electric forklifts.

Integrated Transportation and Energy Storage

BYD has been emphasizing integrated transportation and energy storage.
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In June, BYD signed a global framework cooperation agreement with Enel, a multinational power company and leading integrated player in the world’s power industry.

BYD notes that the agreement signed by Wang Chuanfu, Chairman and President of BYD, and Ernesto Ciorra, Enel’s Head of Innovation and Sustainability, will pave the way for possible cooperation projects in electrified transportation and energy storage aimed at residential, commercial and industrial applications, all based on BYD’s proprietary Iron-Phosphate batteries.

BYD is 9% owned by Berkshire Hathaway, and Berkshire has seen the value of its investment skyrocket as BYD became a world leader in a wide variety of areas.

What are those areas?

BYD is number one globally in EV vehicles. The company vaulted to the number one spot in 2015 from only being number ranked seventh a year earlier.

BYD is the number one maker of rechargeable batteries, and like Tesla even has rechargeable battery home storage already on the market.

BYD is number one in pure electric buses that come in a variety of sizes. From commuter buses to buses for long distance travel, BYD has been quietly conquering the world, and frankly right now has no major competitors. In April 2016, BYD achieved a major milestone, the production of its 10,000th pure electric bus.

BYD’s also rapidly growing a host of other product lines that include LED lighting, photovoltaic panels for solar farms, and other electric vehicles such as forklifts.

As for solar panels, in the U.S., BYD’s already has a total 109MW using its 270,000 PV modules being developed in California. It also has other projects using its modules, including a 65MW plant in Utah, and a 28MW plant in Arizona.

Perhaps you haven’t heard of BYD, but they are no fly-by-night company. BYD has nearly 180,000 employees working in 22 industrial parks across the globe.

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares, and today owns roughly 9.1% of the company.

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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Korean multinational electronics company Samsung Electronics Co., Ltd. has purchased a $449 million (3 billion yuan) stake in Chinese auto and battery manufacturer BYD Co. Ltd.

The move comes after Samsung was not included in a list of foreign battery manufacturers approved by China.

In taking the minority position, Samsung joins Berkshire Hathaway, which owns 9.1% of BYD.

According to Bloomberg, Samsung purchased 52.3 million BYD shares at 57.4 yuan apiece in a private placement, and the purchase will decrease BYD Chairman Wang Chuanfu’s ownership roughly 1.9% to 18.8%.

Berkshire’s stake in BYD has worked out well, as it has seen the value of its investment skyrocket as BYD has become a world leader in a wide variety of areas.

What are those areas?

BYD is number one globally in EV vehicles. The company vaulted to the number one spot in 2015 from only being number ranked seventh a year earlier.

BYD is the number one maker of rechargeable batteries, and like Tesla even has rechargeable battery home storage already on the market.

BYD is number one in pure electric buses that come in a variety of sizes. From commuter buses to buses for long distance travel, BYD has been quietly conquering the world, and frankly right now has no major competitors. In April 2016, BYD achieved a major milestone with the production of its 10,000th pure electric bus.

BYD’s also rapidly growing a host of other products that include LED lighting, photovoltaic panels for solar farms, and other electric vehicles such as forklifts.

As for solar panels, in the U.S., BYD’s already has a solar farm with a total of 109MW using its 270,000 PV modules being developed in California. It also has other projects using its modules, including a 65MW plant in Utah, and a 28MW plant in Arizona.

Perhaps you haven’t heard of BYD, but they are no fly-by-night company. BYD has nearly 180,000 employees working in 22 industrial parks across the globe.

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.

No telling how much Samsung’s shares will appreciate, but they obviously want in on a company that is quickly becoming leading company in both the IT industry and automobile industry.

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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The electric vehicle in China is on a quick path to move from a rarity to a substantial part of the transportation mix.

In a speech given at the World Economic Forum’s Annual Meeting of New Champions 2016 in the city of Tianjin, China, BYD’s CEO Wang Chuanfu stated that “the turning point for new energy vehicles has finally arrived.”

Wang noted that the production and sales of new energy vehicles exceeded 300,000 units in 2015, representing a three-fold growth year-on-year, and accounting for a 1.3% share of overall vehicle sales in China.

He pointed out that it took ten years to go from zero to the current 1%, but it may take only another five years to reach 10%.

Sales of new energy vehicles in China are projected to move up dramatically and are forecast to hit 30% by 2025.

In 2015, BYD became the number one seller of electric cars in the world. It was a dramatic rise for a company that only ranked seventh in 2014.

In April 2016, BYD achieved another major milestone, the production of its 10,000th pure electric bus.

BYD is thoroughly dominating the rapidly growing market for emissions free buses of all sizes.

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares, and today owns roughly 9.1% of the company.

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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While Elon Musk touts the future prospects of hyperloops in dealing with future transportation needs, Chinese competitor BYD Co. LTD. is looking towards an existing mass transit technology, the monorail, as part of its answer to urban congestion issues.

According to BYD’s CEO Wang Chuanfu, the BYD’s green mobility platform is not just about cars; the company also plans to promote the implementation of what it calls “three-dimensional green traffic,” and is expanding its reach by entering the monorail industry.

Dramatic Cost Savings Compared to Subways

The electric monorail is a kind of traffic network which interconnects multiple transit backbones in the city at one sixth of the cost of a subway system.

According to Wang, the total market for monorails just in China are in the range of 3 trillion yuan ($450 billion).

BYD is unveiling its first electric monorail with a 4.4 kilometer line at its Shenzhen Headquarters as of September 2016.

The goal is to alleviate the traffic problems of 50,000 factory and management employees.

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares, and today owns roughly 9.1% of the company.

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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News that Elon Musk wants Tesla to acquire green energy company SolarCity for $2.7 billion in stock was not exactly well received by Tesla investors, with Tesla stock swooning on the announcement. Some accused it of being a bailout of Musk’s SolarCity, which has a need to borrow heavily to fund its rooftop solar panel business.

However, Musk cited the synergies between the companies, which both exploit the move away from fossil fuels.

Whatever you might think of the deal, the one thing worth noting is it would bring Musk’s two companies squarely in line with Chinese vehicle and battery maker BYD Co. Ltd.

BYD is 9% owned by Berkshire Hathaway, and Berkshire has seen the value of its investment skyrocket as BYD becomes a world leader in the same areas that Musk is pursuing.

What are those areas?

BYD is number one globally in EV vehicles. The company vaulted to the number one spot in 2015 from only being number ranked seventh a year earlier.

BYD is the number one maker of rechargeable batteries, and like Tesla even has rechargeable battery home storage already on the market.

BYD is number one in pure electric buses that come in a variety of sizes. From commuter buses to buses for long distance travel, BYD has been quietly conquering the world, and frankly right now has no major competitors. In April 2016, BYD achieved a major milestone, the production of its 10,000th pure electric bus.

BYD’s also rapidly growing a host of other products that include LED lighting, photovoltaic panels for solar farms, and other electric vehicles such as forklifts.

As for solar panels, in the U.S., BYD’s already has a total 109MW using its 270,000 PV modules being developed in California. It also has other projects using its modules, including a 65MW plant in Utah, and a 28MW plant in Arizona.

Perhaps you haven’t heard of BYD, but they are no fly-by-night company. BYD has nearly 180,000 employees working in 22 industrial parks across the globe.

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares, and today owns roughly 9.1% of the company.

It’s an investment that has paid off handsomely. Berkshire’s original investment of $230 million is now worth roughly $1.77 billion.

Unlike Tesla and SolarCity, BYD is profitable, and it has become profitable using a playbook that is an even bigger version of what Musk is hoping for with his proposed merger.

I don’t know if that playbook will work for Tesla and SolarCity, but it sure seems to be working for BYD.

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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The State of California is awarding $23.6 million to the South Coast Air Quality Management District (SCAQMD) for a statewide zero-emission drayage truck development and demonstration project.

Drayage refers to trucks that haul freight over short distances.

The funds, from the California Climate Investments program, will reduce key criteria pollutants, greenhouse gases (GHG), petroleum usage and toxic pollution where reductions are needed most. They are also designed to accelerate the commercialization of heavy-duty advanced, zero-emission technologies, establishing a path for implementing SCAQMD’s clean air plan currently under development.

The South Coast air district is teaming up with air districts in the Bay Area, Sacramento, San Diego and San Joaquin Valley to make the project a statewide demonstration of 43 zero-emission battery electric and plug-in hybrid drayage trucks serving major California ports. Demonstration trucks and charging infrastructure will be used in all five air districts, providing emission reduction benefits in key areas of California with drayage truck activity.

“This project will help put the very cleanest short-haul trucks to work where they are needed most, moving cargo from the state’s biggest ports to distribution centers and rail yards,” said ARB Chair Mary D. Nichols. “This is good news – and cleaner air – for all Californians, but especially those who live in neighborhoods next to these industrial facilities or along some of our state’s busiest trade corridors.”

This is the first large-scale demonstration of zero-emission Class 8 trucks that involves major manufacturers, including BYD, Kenworth, Peterbilt and the Volvo Group.

The companies receiving funds have the engineering resources, manufacturing capabilities and distribution networks to support commercialization of advanced technologies related to moving freight to and from the ports.

“BYD is proud to work with the California Air Resources Board, South Coast Air Quality Management District and our fleet partners to advance clean, battery-electric transportation solutions in communities where it is needed most,” said Stella Li, president of BYD Motors. “BYD is a worldwide leader in battery technology and as the OEM providing the most battery-electric trucks under this solicitation, I believe other fleets will take notice and recognize that battery-powered drayage trucks are reliable and available for wider deployment today. We look forward to celebrating the delivery of our first battery-electric drayage truck in the fall of this year.”

The grant award is part of a larger statewide investment in low-carbon transportation projects that are pivotal to meeting California’s ambitious goals to reduce GHG emissions, improve air quality, deploy zero-emission vehicles and reduce petroleum dependency by accelerating the development and deployment of advanced vehicle technologies.

This project is part of the California Climate Investments, which use proceeds from the state’s cap-and-trade auctions to reduce greenhouse gas emissions while providing a variety of additional benefits to California communities. The project also supports the Governor’s Executive Order (B-32-15) to ensure the state “transition to zero-emission technologies.”

Freight transport in California is a major economic engine for the state but also accounts for about half of toxic diesel particulate matter (PM 2.5), 45 percent of the emissions of nitrogen oxides (NOx) that form ozone and fine particulate matter in the atmosphere, and 6 percent of all GHG emissions in California.

The SCAQMD is the air pollution control agency for Orange County and major portions of Los Angeles, San Bernardino and Riverside counties.

ARB’s mission is to promote and protect public health, welfare, and ecological resources through effective reduction of air pollutants while recognizing and considering effects on the economy. The ARB oversees all air pollution control efforts in California to attain and maintain health based air quality standards.

BYD’s Pure Electric Buses

BYD has already carved out a major portion of the pure electric vehicle market. In 2015, the company shot to number one worldwide in EV car sales from only 7th in 2014.

It’s also dominating the pure electric bus market, and BYD’s pure electric buses and taxis are currently operating in over 200 cities in 48 countries worldwide, including the U.S., Mexico, Colombia, Brazil, the UK, Germany, Austria, Denmark, Holland, Belgium, Japan, Thailand, and China.

BYD and Berkshire Hathaway

In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares, and today owns roughly 9.1% of the company.

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.