![]() The company is using these trucks to connect its hub at Los Angeles International Airport with its local service centers.īYD already has supplied 25 trucks to Anheuser-Busch as illustrated below: It's currently undergoing trials on 4 Class 8 trucks with DHL. On the Class 8 front, it's competing with Tesla for some of the big users such as Anheuser-Busch (NYSE: BUD). ![]() It has had much success with specialist trucks for applications such as ports and warehouses. BYD have a wide range off e-trucks of all types. Orders for e-buses and e-trucks are growing rapidly in an addressable market that is expected to grow exponentially. The Lancaster factory in fact provides a large number of well-paying jobs in an area of high unemployment in California. The anti-Chinese rhetoric is perhaps likely to be toned down under the Biden Administration, or at least directed at more deserving causes. There has been some political roll-back as well over a monorail proposal for the city of Los Angeles. Political pressure has not been successful in blocking the healthy increase in orders for the company. Indeed BYD in December launched a lawsuit against a Washington lobbying group called the Alliance for American Manufacturers against what seem somewhat outrageous claims against BYD. This is mainly co ordinated by lobbyists worried about competition to U.S. As my article earlier this year detailed, this facility has however come under some political pressure. This employs more than 800 people and is unionized. The company has a very successful plant in Lancaster, California, for the manufacture of e-buses and e-trucks. They have supplied 160 so far to Scandanavian operator Nobina and 55 to VyBuss of Norway. In France, the company supplied their first e-bus order from Beauvais to the Paris municipality in November. ![]() The capital city has about 8,600 buses plying its roads. It's thought that the joint venture with Alexander Dennis has substantial further orders in hand for supply to London. There are 32 e-buses so far in the Manchester operation and 269 in London. the company has supplied the two largest e-bus fleets in the country in London and Manchester. It shows the benefits of their vertical integration. ![]() This is a strong competitive advantage BYD always has over its rivals. They use BYD's own proprietary battery technology. The 12 metre and 13 metre buses were manufactured on schedule in Hungary despite the problems caused by the COVID-19 pandemic. This is the largest e-bus order so far in Europe. In December they began delivery of their 259 e-bus order for Keolis in the Netherlands. It also will incorporate production of articulated buses which currently have to be shipped from China.Īs of mid-year BYD had supplied or had on firm order 1,300 e-buses from European operators. The company is starting expansion of its Komarom plant to raise capacity from 200 buses per annum to 1,000 per annum. It has a joint venture manufacturing operation in Scotland with Alexander Dennis. The company has e-bus factories in Komarom in Hungary and in Beauvais in France. Q3 2020 results had pleasantly surprised the markets and this trend looks set to continue. This in turn should allow the increased profitability BYD has shown this year to be accelerated. They are starting now to diversify their revenue streams away from China in a meaningful way. ![]() The results of substantial capex in overseas facilities is bearing fruit. Recent substantial international orders BYD has received show their policy seems to be bearing fruit. rival is itself is moving toward a full suite of products for the new energy future. In their extremely well-integrated range of products they are further down the line than high-flyer Tesla (NASDAQ: TSLA). They include battery manufacture, electric cars, energy storage products, e-buses, e-trucks, and monorail systems. I detailed these in my article in September. BYD Auto (OTCPK: OTCPK:BYDDF) is a vertically-integrated new energy company with a very diverse portfolio of products. ![]()
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