Related News
BYD joins Bulgarian company for green buses
By Lu Nengneng |
December 13, 2012, Thursday
|
Print Edition
Print Edition
CHINESE electric vehicle maker BYD Co, in which Warren Buffett holds a 10 percent stake, is partnering Bulgarian energy firm Bulmineral to further explore the European market for green public transport.
The two companies said yesterday that they will set up a 50-50 joint venture called Auto Group Motors in Breznik, a small town about 48 kilometers west of Sofia, the capital of Bulgaria, which will be BYD's first assembly plant overseas.
The plant will produce its first sample electric buses in February and will be able to make 40-60 units monthly at full capacity, Bulmineral CEO Alexander Usachev said.
The plant will also make buses for the Bulgarian market initially before expanding into neighboring countries. BYD has been promoting its electric cars in Germany, the Netherlands, Finland, Denmark, Canada, Uruguay and the US.
BYD's car batteries and LED light bulbs will also be produced by the plant at a later stage.
The plant will be the second Chinese auto facility in Bulgaria after Great Wall's assembly line in the northern city of Lovech opened in February.
The two companies said yesterday that they will set up a 50-50 joint venture called Auto Group Motors in Breznik, a small town about 48 kilometers west of Sofia, the capital of Bulgaria, which will be BYD's first assembly plant overseas.
The plant will produce its first sample electric buses in February and will be able to make 40-60 units monthly at full capacity, Bulmineral CEO Alexander Usachev said.
The plant will also make buses for the Bulgarian market initially before expanding into neighboring countries. BYD has been promoting its electric cars in Germany, the Netherlands, Finland, Denmark, Canada, Uruguay and the US.
BYD's car batteries and LED light bulbs will also be produced by the plant at a later stage.
The plant will be the second Chinese auto facility in Bulgaria after Great Wall's assembly line in the northern city of Lovech opened in February.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
