now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
Asia Connect
BYD wins contract for 1,000 electric buses in Colombia
Deal is company's largest outside of China
Michael Marray 20 Jan 2021

Chinese electric bus manufacturer BYD has won orders to supply 1,002 units to the Colombian capital city Bogota. This is BYD's largest order to date for pure electric buses outside of China.

Bogota City Public Transport Authority (Transmilenio) launched a public commercial tender covering diesel, CNG and electric technologies last August, and awarded the contracts in early January.

Three of BYD’s strategic partners won the bids. BYD will partner with local bus manufacturers Superpolo and Busscar respectively on the body parts assembly. 

The buses are scheduled to be delivered during 2021 and the first half of 2022. They will be put into operation on 34 bus routes across five regions of the capital.

BYD has won a total of 1,472 orders for pure electric buses in the Colombian capital. In addition to Bogota, BYD buses operate in Medellin and Cali.

“This more than 1,000 buses order marks a fresh start, which will effectively promote the rapid development of green transportation in Latin America and the coming era of global bus electrification," says Stella Li, president BYD Motors.  

After entering the Colombian market in 2012, BYD soon established Latin America’s first pure electric taxi fleet in Bogota. BYD has a market share of over 96.5% in the Colombian electric bus market, and 99% in Bogota.

BYD has become a key player in bus transport across Latin America. In Chile, as of the end of 2020, the company had delivered 455 pure electric buses to the capital city Santiago.

BYD is one of China’s largest private sector companies, and is listed on the Hong Kong and Shenzhen stock exchanges.

Conversation
Yeoh Teik Leng
Yeoh Teik Leng
head, debt markets group
AmInvestment Bank
- JOINED THE EVENT -
5th Global Islamic Finance Issuers and Investors Leadership Dialogue
Opportunities beyond uncertainty
View Highlights
Conversation
David Smith
David Smith
senior investment director, Asian equities
abrdn
- JOINED THE EVENT -
Webinar
APAC Climate Change Progress & Obstacles in 2022
View Highlights