Warren Buffett-backed electric car maker BYD ships 100 cars to Norway


Visitors walk past BYD Tang and other electric vehicles at the automaker’s booth at Auto Shanghai 2021 on April 27, 2021.

Qilai Shen | Bloomberg | Getty Images

BEIJING – Chinese automaker BYD said on Monday it has shipped the first batch of vehicles with a planned delivery of 1,500 electric cars to Norway by the end of this year.

The company, which is backed by US billionaire Warren Buffett, said 100 units of its all-electric Tang SUV shipped from Shanghai on Monday and are expected to arrive at dealerships in Norway by the end of the summer.

The cars are expected to sell for NKr 599,900 ($ 72,418 each), according to BYD. The company said it is working with Scandinavian auto distributor, RSA, for deliveries and customer service.

An RSA representative did not immediately respond to a request for comment from CNBC. The distributor’s official website contains a link to a page on BYD Norway.

The gateway for Chinese start-ups to Europe

Chinese electric car start-ups Xpeng and Nio are also making inroads in Norway, where electric vehicles have dominated new passenger car sales for the past three years, according to the Norwegian Road Federation.

Xpeng said it delivered more than 300 units of its G3 SUV to Norway in the first quarter, after putting 100 cars on the market in December. The start-up plans to deliver an unknown quantity of its P7 sedan to the market in the second half of the year.

Nio plans to start delivering its ES8 SUV to Norway in September, with the ET7 sedan slated for local deliveries in 2022. The company is expected to open a flagship “Nio House” store in Oslo in the third quarter.

Learn more about electric vehicles from CNBC Pro


About Robert Pierson

Check Also

Big rigs go electric as Navistar, Cummins and Daimler revive next-gen trucks

A Nikola Tre hydrogen fuel cell semi on display at the ACT Expo in Long …

Leave a Reply

Your email address will not be published.