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

People walk previous BYD Tang and other electric powered motor vehicles at the carmaker’s booth at the Car Shanghai 2021 display on April 27, 2021.

Qilai Shen| Bloomberg | Getty Photographs

BEIJING — Chinese automaker BYD announced Monday it shipped off the to start with batch of automobiles for a planned delivery of 1,500 electric powered vehicles to Norway by the conclude of this yr.

The organization, which is backed by U.S. billionaire Warren Buffett, claimed 100 models of its all-electric Tang SUV delivered Monday from Shanghai, and are set to get there at dealerships in Norway toward the conclusion of the summer time.

The cars and trucks are slated to promote for 599,900 Norwegian kroner ($72,418) each and every, in accordance to BYD. The firm stated it is doing the job with Scandinavian automobile distributor, RSA, for deliveries and purchaser support.

A representative for RSA did not promptly answer to a CNBC request for comment. The distributor’s official website has a link to a site on BYD Norway.

Chinese start out-ups’ gateway to Europe

Chinese electric vehicle commence-ups Xpeng and Nio are also earning inroads into Norway, where by electric powered cars have dominated new passenger car or truck income for the final three a long time, for every the Norwegian Street Federation.

Xpeng mentioned it sent additional than 300 units of its G3 SUV to Norway in the 1st quarter, right after sending 100 cars and trucks to the marketplace in December. The commence-up ideas to deliver an unspecified amount of money of its P7 sedan to the marketplace in the second fifty percent of the calendar year.

Nio programs to start off offering its ES8 SUV to Norway in September, with the ET7 sedan established for neighborhood deliveries in 2022. The firm is set to open up a flagship “Nio House” shop in Oslo in the third quarter.

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