BYD wins large order for electric buses in China

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The Guangdong Machinery & Electric Equipment Tendering Center Co Ltd. and Guangzhou Guoke Bidding Agent Co. Ltd., have set up tenders for a total of 4,810 electric buses for the city of Guangzhou.

BYD has received confirmation to build 4,473 of these buses. BYD, entered with two bids by its Guangzhou BYD Auto Sales Company Limited subsidiary.

It announced, according to Hong Kong Stock Exchange rules, that it recently received successful bid confirmation notices for two bidding projects, with the amount being RMB 3,707,841,600 and RMB 1,813,619,600 respectively (£627m in total).

BYD is to deliver 4,473 electric buses (889 of its new eight-metre model, 2,419 of the 10-metre model and 1,165 12-metres) to several public transport operators in the city of Guangzhou. BYD will sign individual agreements with the customers.