GAC BYD, a new energy bus joint venture of Guangzhou Automobile Group Co., Ltd. (601238.SH) and BYD (002594.SZ), announced it has received orders for 400 BYD K9 pure electric buses. The company said it will focus on the electrification of city public transportation, and will boost the upgrade and transformation of automobile industry.
At present, GAC BYD produces 12-meter pure electric buses, 10.5-meter pure electric buses, 8-meter pure electric buses, 7-meter pure electric buses and pure electric sightseeing buses. According to the target set by Guangdong government, it will put 45,000 new energy vehicles into operation by the end of 2015 and realize commercial operation of pure electric public buses in the Pearl River delta area. The ownership of pure electric public buses in the area will reach 4,000 units by then, accounting for 15 percent of the total ownership of public buses.
Latest comments