Urban Mobility
BYD, the world’s largest electric bus manufacturer will build 27 battery-electric trucks under a $9 million California grant. The electric trucks will replace diesel service trucks and yard tractors in the communities of Commerce, Fontana and San Bernadino. The funds are for 23 class-8 yard trucks and four class-5 service vehicles. Class-8 yard trucks, also known as “yard goats,” are 80,000-pound
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A new Bloomberg report suggests Samsung is in talks with Fiat Chrysler to acquire some or all of parts-making subsidiary Magneti Marelli, which provides lighting, in-car entertainment and telematics to OEMs for use in their vehicles. The deal, which could be worth $3 billion according to Bloomberg’s sources, would help accelerate Samsung’s existing efforts to become a more important part
Read moreBYD has been one of the principal beneficiaries of government largesse, emerging as a state champion in electric vehicles and hybrids on its way to becoming the world’s largest electric car manufacturer. BYD sold 58,000 electric and plug-in hybrids last year. New energy vehicle sales were up more than two-and-a-half times from 2014 , and BYD’s popular Qin and Tang
Read moreMusk’s second master plan for the carmaker — released Wednesday — calls for the extension of Tesla’s electric vehicle lineup to “cover the major forms of terrestrial transport,” a Tesla-ish reference to trucks and buses. According to Musk’s blog post, the new vehicles will cut the cost of cargo transport, reduce congestion and “transition the role of bus driver to
Read moreSamsung Electronics Co. said it will acquire a stake in BYD Co. through the Chinese electric-vehicle and battery maker’s ongoing $2.3 billion share sale, as the South Korean technology giant bets on the automotive market to drive growth. Neither company disclosed the size of the stake or how much it would cost Samsung. Details will be unveiled this week, when
Read moreRecently, BYD released announcement on successful bids of major contracts for commercial vehicles. The subsidiary BYD Automotive Industry Co. Ltd. won two bids of alternative energy vehicles purchasing project, valuing at RMB 1.796b and 192m respectively. Result of the first project was published on the website of Shenzhen Transportation Design & Research Institute Co. Ltd. by Shenzhen Western Bus Co.
Read moreBYD Co. is in talks with several of China’s smaller cities on building monorail systems to preempt traffic congestion spurred by rapid growth in automobile ownership. Monorail systems are a potential 3 trillion yuan ($450 billion) market in China, based on an average 70-kilometer (43.5-mile) network in each of an estimated 300 cities, and will become a new major growth
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