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China: BYD to establish JV for electric bus production

Shenzhen, China- BYD is a China-based private car enterprise where Buffett owns some of the stock shares. Tianjin Municipal Government said BYD is planning to establish a joint venture to produce K9 electric buses in Tianjin.

The joint venture, established by BYD and Tianjin Public Transportation Group, a subsidiary of Tianjin Municipal Government, will give priority to provide electric vehicles to the public transportation corporation. Information of the joint venture is not detailed. BYD, based in Shenzhen, is the largest electric vehicle manufacturer in China, which produces E6 electric vehicle, F3DM plug in hybrid electric vehicles and K9 electric buses.


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