BUENOS AIRES, Argentina--(BUSINESS WIRE)--Renewable energy technology company BYD has been officially selected as the recommended company by the evaluation committee in Argentina for the purchase of 50 electric buses on behalf of the Ministry of Environment.
The tender was launched by the Ministry of Environment as a pilot project for the introduction of electric public transport in different cities throughout the country. The bid evaluation committee chose BYD amongst a pool of 5 bidders for its successful 12-meter electric bus, which is already widely used in cities such as London, Los Angeles, Amsterdam, etc.
BYD begun the promotion of its technologies in Argentina in 2011 through its local subsidiary, especially those related to electric vehicles and public transport. In November 2011, the company signed its first MOU with the Ministry of Industry and the Secretary of Transport. During BYD’s senior-level management visit to the country in May 2016, Argentinian President Mauricio Macri and Minister of Environment Sergio Bergman expressed their high expectations for the introduction of BYD technologies and electric vehicle models to their nation’s public transportation systems.
BYD expects to receive the necessary allocation within the next few weeks.
To better satisfy market demands, BYD plans to build a new local manufacturing plant in Argentina. This plant would bring foreign investment to Argentina, and will have a significant impact in the creation of new jobs.
Named one of “China’s Most Admired Companies” by Fortune China in 2016, BYD is committed to driving forward green mobility solutions to help address the challenges and concerns related to traffic congestion.
In 2010, the company announced its “electric public transport” strategy for green mobility, which focuses on low-carbon electric vehicles as a prioritized public transport option to reduce traffic-related emissions in cities. This has now become adopted as a national strategy in China. At present, BYD’s electric bus and other new energy vehicles have expanded their footprint to 240 cities across 50 countries.
BYD looks forward to presenting Argentina with comprehensive Green City Solutions, including other electric mobility technologies – in particular its new “SkyRail” monorail – in order to help the country face environmental challenges such as traffic congestion and transport-related emissions.
BYD and its shareholders, including Warren Buffet, see these environmentally and economically forward products as the way of the future.
BYD Company Ltd. is a leading high-tech multinational company based in Shenzhen, China. Since its establishment in 1995, BYD has developed solid expertise in rechargeable batteries, becoming a relentless advocate of sustainable development. It has successfully expanded its renewable energy solutions globally with operations in over 50 countries and regions. After 22 years’ development, BYD has created a Zero Emissions Energy Ecosystem – affordable solar power generation, reliable energy storage, cutting-edge electrified transportation and a state of the art monorail. These Four Green Dreams make BYD an industry leader in the energy and transportation sector. BYD is listed on the Hong Kong and Shenzhen Stock Exchange. For more information, please visit http://www.byd.com.