BYD WINS LARGE ORDER FOR ELECTRIC BUSES IN CHINA
The busmarket in China is booming. The production is around 300.000 buses per year. For the city of Guangzhou the Guangdong Machinery & Electric Equipment Tendering Center Co., Ltd. and Guangzhou Guoke Bidding Agent Co., Ltd., had set up tenders for in total 4,810 electric buses. BYD has received confirmation to build 4,473 of these buses.
BYD, Build Your Dreams, entered with two bids by its Guangzhou BYD Auto Sales Company Limited subsidiary. It anounced according to Hong Kong Stock Exchange rules that it recently received successful bid confirmation notices for two bidding projects, with the amount being RMB 3,707,841,600 and RMB 1,813,619,600 respectively (700 million euro in total). BYD is to deliver 4,473 electric buses (889 of their new 8 metre model, 2,419 of the 10 metre model and 1,165 12 metres) to several public transport operators in the city of Guangzhou for which BYD will sign individual agreements with the customers. China is marketleader when it comes to the employment of electric buses. Last year over 106.000 electric and hybrid plug-in buses have been registered.