On July 10, 2018, BYD North America and the US San Francisco investment company Generate Capital jointly announced the establishment of a joint venture to launch the nation's first pure electric bus rental project. The joint venture plans to invest 200 million US dollars to purchase BYD pure electric bus, Bus rental services are available in several cities, universities and public transportation companies in the United States.
When talking about the original intention of establishing a joint venture company, Li Ke, president of BYD North America, and Scott Jacobs, CEO and co-founder of Generate Capital, said that although the pure electric bus has lower operating costs throughout the life cycle than the diesel bus, the previous The purchase cost is relatively high. This factor has limited the popularity of electric buses to a certain extent. Especially for private enterprises and small and medium-sized city governments, the pre-investment of pure electric bus fleet is indeed higher.
The lease project launched by the joint venture company is to effectively solve this financial 'pain point' and greatly relieve the pressure on the bus operators, thus accelerating the active use of pure electric buses by public institutions and the private sector in the United States.
'BYD has always been committed to reducing and relying on fossil energy through research and development and promotion of clean energy technologies, and green transportation products such as pure electric buses, fundamentally changing the world and making our planet a better place. ' Li Ke said, ' BYD and Generate Capital's vision are consistent, we will work together to provide new financing methods for more customers, and bring more cleaner travel modes to more Americans.'
'Generate Capital was founded to bring mature, reliable, market-tested clean transportation solutions to the world. Electric buses generate almost no greenhouse gas emissions, lower overall operating costs and maintenance costs, and a quieter and more comfortable ride. Traditional leasing companies usually do not pay attention to the residual value of electric buses, which makes financing difficult. The establishment of the joint venture will effectively solve this problem. ' Scott Jacobs said.
According to estimates by the US media Green Car Reports, each pure electric bus can save $110,000 in diesel costs per year. According to the US Department of Transportation, each pure electric bus will reduce about 1,690 tons of carbon dioxide in its 12-year life cycle. Emissions. It can be seen that the environmental and economic effects of pure electric buses are very obvious.
Up to now, BYD has occupied more than 80% of the market share of pure electric buses in the United States, and has accumulated more than 40 quality customers including Long Beach Transportation Bureau, Stanford University, UCLA, Facebook and Los Angeles Metropolitan Transportation Bureau. The United States has delivered more than 700 buses and continues to harvest more orders. The BYD pure electric bus has now spread to more than 30 states.
On July 10, 2018, BYD North America and the US San Francisco investment company Generate Capital jointly announced the establishment of a joint venture to launch the nation's first pure electric bus rental project. The joint venture plans to invest 200 million US dollars to purchase BYD pure electric bus, Bus rental services are available in several cities, universities and public transportation companies in the United States.
When talking about the original intention of establishing a joint venture company, Li Ke, president of BYD North America, and Scott Jacobs, CEO and co-founder of Generate Capital, said that although the pure electric bus has lower operating costs throughout the life cycle than the diesel bus, the previous The purchase cost is relatively high. This factor has limited the popularity of electric buses to a certain extent. Especially for private enterprises and small and medium-sized city governments, the pre-investment of pure electric bus fleet is indeed higher.
The lease project launched by the joint venture company is to effectively solve this financial 'pain point' and greatly relieve the pressure on the bus operators, thus accelerating the active use of pure electric buses by public institutions and the private sector in the United States.
'BYD has always been committed to reducing and relying on fossil energy through research and development and promotion of clean energy technologies, and green transportation products such as pure electric buses, fundamentally changing the world and making our planet a better place. ' Li Ke said, ' BYD and Generate Capital's vision are consistent, we will work together to provide new financing methods for more customers, and bring more cleaner travel modes to more Americans.'
'Generate Capital was founded to bring mature, reliable, market-tested clean transportation solutions to the world. Electric buses generate almost no greenhouse gas emissions, lower overall operating costs and maintenance costs, and a quieter and more comfortable ride. Traditional leasing companies usually do not pay attention to the residual value of electric buses, which makes financing difficult. The establishment of the joint venture will effectively solve this problem. ' Scott Jacobs said.
According to estimates by the US media Green Car Reports, each pure electric bus can save $110,000 in diesel costs per year. According to the US Department of Transportation, each pure electric bus will reduce about 1,690 tons of carbon dioxide in its 12-year life cycle. Emissions. It can be seen that the environmental and economic effects of pure electric buses are very obvious.
Up to now, BYD has occupied more than 80% of the market share of pure electric buses in the United States, and has accumulated more than 40 quality customers including Long Beach Transportation Bureau, Stanford University, UCLA, Facebook and Los Angeles Metropolitan Transportation Bureau. The United States has delivered more than 700 buses and continues to harvest more orders. The BYD pure electric bus has now spread to more than 30 states.
