BYD makes its way into London
Chinese electric vehicle and battery market leader BYD (in partnership with ADL) has just broken into a new market – London. The company has supplied numerous cities around the world with electric vehicles for public transportation, and now its tech will be driving round the English capital too. 37 zero-emission, fully electric, double-decker buses (the company was willing to work within London’s iconic parameters) were delivered to operator Metroline at the beginning of July.
BYD’s share price has increased by 5% over the past month
Source: Yahoo Finance
Metroline’s engineering director was quick to praise the new vehicles, saying: “The launch of the new electric buses on route 43 is a triumph for both Metroline and for London. Providing a new challenge for Metroline’s engineering teams, we worked closely with engineers at BYD and ADL to develop these new buses, using what we learnt from our trials with their prototypes. As a result, they are perfectly designed to deliver Londoners to their destinations, whilst helping to keep London’s air cleaner with zero-emissions.”
ADL CEO, Colin Robertson, was also keen to offer a statement which highlighted the strength of the BYD partnership and promises good things down the line: “Since it began in 2015, the collaboration with BYD has gone from strength to strength – our best-selling Enviro200EV single deck buses hit a landmark 2 million miles of zero emissions service earlier this year and we are delighted to see the relationship evolve with the first BYD ADL pure electric double decks now on the streets of London. We’re confident the Enviro400EV can emulate the success of its single deck equivalent, delivering cleaner air, less noise pollution and extreme passenger comfort for all.”
Dominion holds BYD in its Global Trends Managed Fund.
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