BYD Co Backs Its Greatest Order Adding A New Chapter To Global and Chinese Bus Industry, 2009-2019

Published Date: May 2015

BYD Co. stole the limelight made headlines last week when the company revealed it will be selling over two hundred electric buses in United States alone. The company is a China based and part-owned by Berkshire Hathaway Inc. founded by Warren Buffet. This Chinese automaker had backed its greatest order in April from United States, Long Beach Transit Authority which caters to different portions of Los Angeles metropolitan region. Senior Vice President of BYD Co. Mr Stella Li in one of his telephonic interview said “Today’s order is a fundamental game changer for the industry”. 

Providing an insight Li explained “We are entering a harvesting stage in the U.S. and I have high expectation for this market.” The Long Beach Transit Authority board sanctioned the purchase of around first ten buses that costs approximately $800,000, with a choice for its partner companies to invest in 50 such electric buses. BYD Co. boasts of its further plans to begin fulfilling demands for electric trucks from various nations across the globe in second half of 2015 and start supplying in 2016 with United States as their major destination. Li revealed that the company plans to establish manufacturing plants for the trucks in United States after primarily exporting the trucks from China. 

Prof Research Reports adds a report titled “Global and Chinese Bus Industry, 2009-2019.” As per the report the bus industry would undergo a huge transformation in the coming four to five months with the growing demand of electric bus across the globe. Chinese companies exhibiting electric buses this year in different auto shows have captured the attention of several countries globally.

 

For More Visit Global and Chinese Bus Industryhttp://www.profresearchreports.com/global-and-chinese-bus-industry-2009-2019-market

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