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

Guests streak past BYD Tang and other electric autos on the carmaker’s sales effect on the Auto Shanghai 2021 display on April 27, 2021.

Qilai Shen| Bloomberg | Getty Shots

BEIJING — Chinese automaker BYD announced Monday it shipped off the first batch of autos for a deliberate supply of 1,500 electric autos to Norway by the live of this year.

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

The autos are slated to promote for 599,900 Norwegian kroner ($72,418) each, in line with BYD. The corporate said it is working with Scandinavian automobile distributor, RSA, for deliveries and customer assist.

A representative for RSA did not straight acknowledge to a CNBC demand for observation. The distributor’s official web mutter has a hyperlink to a page on BYD Norway.

Chinese start-ups’ gateway to Europe

Chinese electric automobile start-ups Xpeng and Nio are furthermore making inroads into Norway, where electric autos accept dominated new passenger automobile sales for the final three years, per the Norwegian Boulevard Federation.

Xpeng said it delivered extra than 300 units of its G3 SUV to Norway in the first quarter, after sending 100 autos to the market in December. The start-up plans to insist an unspecified amount of its P7 sedan to the market in the 2nd half of the year.

Nio plans to start turning in its ES8 SUV to Norway in September, with the ET7 sedan residence for native deliveries in 2022. The corporate is residence to start a flagship “Nio Home” store in Oslo in the third quarter.

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