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1.11.16

ELECTRIC BUS FLEET * South Africa - From Chinese BYD Co.

* Cape Town - Chinese company to manufacture electric bus fleet for


--- A Chinese company has won a $9.14 million contract to supply 11 battery-powered electric buses to Cape Town, which hopes to become the first city in Africa to use electric buses for public transport. BYD Company Ltd (it stands for Build Your Dreams, according to HTXT) is a Chinese manufacturer of automobiles and rechargeable batteries with corporate headquarters in Shenzhen, China. It has a facility in South Africa and is the parent of BYD Motors Inc. based in Los Angeles, Calif...   The high cost of electric buses has been a barrier for the industry, according to Persistence Market Research. They cost about twice as much as their non-electric counterparts. But as crude oil prices fluctuate, the global electric bus market is predicted to grow 28 percent by 2020. BRICS countries – Brazil, Russia, India, China, and South Africa — have the largest combined public transport system, and are expected to present the most lucrative opportunities for electric vehicle penetration. By the end of 2020, China is expected to account for nearly half of the global market... 
 (Photo: BYD electric test bus in New York City)  --  Cape Town, SA - AFK Insider, by Dana Sanchez - October 25, 2016

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