Warren Buffett-backed electric automaker BYD ships 100 cars to Norway


In this article

Visitors walk past BYD Tang and other electric vehicles at the carmaker’s booth at the Auto Shanghai 2021 show on April 27, 2021.
Qilai Shen| Bloomberg | Getty Images

BEIJING — Chinese automaker BYD announced Monday it shipped off the first batch of vehicles for a planned delivery of 1,500 electric cars to Norway by the end of this year.

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

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

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

Chinese start-ups’ gateway to Europe

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

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

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

Articles You May Like

NASA’s Lunar Reconnaissance Orbiter Spots Rocket Impact Site on Moon, Says Research
Google Announces Release of Chrome OS 103, Chrome OS Beta 104 With New Features
Samsung 55-inch QN95B Neo QLED Ultra-HD Mini LED TV Review: The Futuristic Flagship TV
Internet Shutdowns Dangerous for Democracies, Should Be Stopped Immediately, Says UN
Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll