BYD Projects More U.S. Electric-Bus Orders After Its Biggest Win
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BYD Co., the Chinese automaker part-owned by Warren Buffett’s Berkshire Hathaway Inc., projected it will sell as many as 200 electric buses in the U.S. this year after securing its biggest order from a mass-transit operator.
The company won the contract in the U.S. from the Long Beach Transit Authority, which serves portions of the Los Angeles metropolitan area, BYD Senior Vice President Stella Li said in a telephone interview. The authority’s board approved the purchase of an initial 10 electric buses, each costing about $800,000, with options for its partner agencies to buy as many as 50 more, Li said.