BYD benefits from supply bottleneck at Ebusco

BYD is replacing Ebusco as the electric bus supplier in Växjö, Sweden. A few days ago, it became known that the local bus company Connect Bus had cancelled an order for 47 electric buses from Ebusco. Now, we also know who will take their spot.

According to Swedish media reports, the background to the change of supplier is that Ebusco did not deliver the 47 Ebusco 3.0 electric buses ordered to Connect Bus by the end of 2023 as agreed. As a result, the company has looked for a new supplier: “We evaluated six different alternatives. BYD was able to offer the best combination of product quality and delivery time,” Jonas Kempe, CEO of Connect Bus, told the Swedish portal Buss Magasinet.

There is indeed a lot of movement at Ebusco, both in front of and behind the scenes. At the beginning of the month, Christian Schreyer succeeded the previous management duo Peter Bijvelds and Michiel Peters as sole CEO. There have also been personnel changes on the Supervisory Board. The new appointments are related, among other things, to a newly developed reorganisation plan to lead Ebusco out of the current difficult phase.

Specifically, the Dutch company recorded an EBITDA loss of 60.7 million euros in the first half of 2024 (+40% compared to 2023) with a turnover of 38 million euros (-8.8%). While the order books are filled with 1,662 buses, only 98 buses were delivered between January and June. Measures already taken include the assembly of the Ebusco 3.0 model, which has now been entrusted to an external partner in China.

bussmagasinet.se (in Swedish)