BYD expands e-bus factory in Lancaster

BYD has again expanded their electric bus factory in the Californian Lancaster. Another five million dollars will flow into the newly completed 9,290 m² depot, which will bring the total investment cost for the facility to more than 53 million dollars.

The factory currently has a capacity of 1,500 e-buses per year. 270 of these have already been delivered, according to BYD. Another 80 vehicles are currently in production, with another 300 reservations for additional e-buses in the works.

The stock market development for BYD has been positive – in the last ten years, the stock value for the EV and battery manufacturer has increased more than 500%. This should particularly make the US major investor Warren Buffet happy, who had invested about 233 million dollars in BYD via his holding company Holding Berkshire Hathaway.

greencarcongress.com (Lancaster), bloomberg.com (Stock Market)