BYD hits landmark: 50,000th electric bus rolls out!
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BYD hits landmark: 50,000th electric bus rolls out!

Nine years after production started, Chinese new energy technology company BYD (best known for its electric vehicles) has announced that it has completed its 50,000th electric bus. Able to hold up-to 80 passengers, the K9UB 12-metre vehicle is now headed for Spain, where it will be notable as the largest make of electric bus in the country and operated by local service TUBASA. This is yet another milestone for BYD, which now boasts the world’s largest selection of battery-powered electric buses and has clients in 300 cities around the world.

BYD’s share price increased by 5% over the last 5 days

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Source: Yahoo Finance

The company’s president and chairman, Wang Chuanfu, said: “Our track record demonstrates a clear market recognition of and trust in BYD products. BYD has set a ‘Gold Standard’ for the pure electric bus market because of its rock-solid product quality, a complete supply chain and product solutions, and leading core technologies in areas such as batteries, motors and electronic controls. This is a thumb’s up for not only China’s electric vehicle industry – but the world’s.”

BYD has been a strong advocate for new energy products ever since its first K9 bus was produced in 2010. A flagship priority for the company has been to push its “public transport electrification” strategy, which probably doesn’t need any elaboration. In 2019, that strategy is beginning to bear fruit, and BYD’s electric buses aren’t just visible in major Chinese cities (Beijing, Guangzhou, Shenzhen, etc.) but all over the world, including numerous cities in Europe and Latin America.

Disclosure
Dominion holds BYD in its Global Trends Managed Fund.


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