China’s largest electric vehicle maker BYD (Build Your Dreams) has emerged winner among five competitors to supply 50 electric buses to Argentina on behalf of the ministry of education. The contest was launched as a means of introducing electric public transport to different cities in Argentina.
BYD was chosen by the bid evaluation committee among the five other bidders due to its track records in other major world cities.
The company said it “expects to receive the necessary allocation within the next few weeks”. The electric bus and other eco-friendly vehicles are already in 50 countries and 240 cities. The bus is already being operated in major cities like London, Los Angeles and Amsterdam. In addition, “to better satisfy market demands, BYD plans to build a new local manufacturing plant in Argentina,” the company said, adding the move will bring foreign investment to Argentina and generate jobs.
As a result of its commitment to advancing greener solutions for vehicles, BYD was named one of “China’s Most Admired Companies”. During BYD’s 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 EV models to their nation’s public transportation systems.
BYD says it began to promote its technologies in Argentina in 2011 through its local subsidiary, especially those related to EVs and public transport. In November 2011, the company signed its first memorandum of understanding with the Ministry of Industry and the Secretary of Transport.
According to BYD, the company looks forward to presenting Argentina with comprehensive Green City Solutions, including other electric mobility technologies such as the new “SkyRail” monorail designed to help the country reduce traffic congestion and transport-related emissions.
BYD said the company, along with its shareholders, including Warren Buffet, sees these environmentally and economically advanced products as the way of the future.