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18 Jan 2017

BYD MIGHT DELIVER ELECTRIC BUSES TO ARGENTINA

Chinese electric b us manufacturer BYD has been officially selected as the recommended company by the evaluation committee in Argentina for the purchase of 50 electric buses on behalf of the Ministry of Environment.
The tender was launched as a pilot project for the introduction of electric public transport in different cities throughout the country. The bid evaluation committee chose BYD amongst a pool of 5 bidders for its successful 12-meter electric bus, which is already widely used in cities such as London, Los Angeles, Amsterdam, etc.

BYD begun the promotion of its technologies in Argentina in 2011 through its local subsidiary, especially those related to electric vehicles and public transport. In November 2011, the company signed its first MOU with the Ministry of Industry and the Secretary of Transport. During BYD’s senior-level management visit to the country in May 2016, Argentinian President Mauricio Macri and Minister of Environment Sergio Bergman expressed their high expectations for the introduction of BYD technologies and electric vehicle models to their nation’s public transportation systems. BYD expects to receive the necessary allocation within the next few weeks.

To better satisfy market demands, BYD plans to build a new local manufacturing plant in Argentina. This plant would bring foreign investment to Argentina, and will have a significant impact in the creation of new jobs. BYD is lso involved in launcing electric buses in Brasil and is erecting a plant there.

BYD Co. plans to set up in total two new factories in Latin America this year to produce electric buses, as it seeks to overcome obstacles in selling them to more cities at home.

The new factories will produce for the local markets and add to existing plants in the US, Hungary and Brazil. Expanding overseas has proved to be easier in some cases than expanding in China, said Senior Vice-President Stella Li. BYD expects its overseas electric bus business to turn profitable this year, she said.

"We have been trying really hard to get into Beijing and other cities that are heavily polluted and just couldn't do it for unknown reasons," Li said in an interview in Las Vegas, where she was attending the CES 2017 trade show. "Entering into those cities is way more difficult than getting into developed countries such as the US and Europe that are famous for intense competition and high industry standards."