Shenzhens new “GREEN” Taxis

New "GREEN" Taxi from BYD

Well, firstly I guess that is actually a little misleading in someway. Shenzhen’s new “GREEN” taxis are in fact red and white.

BYD has launched a program where is is supporting the Green movment by subsidising companies who want to run their new BYD electric car. So far I have not ridden in one but have seen a few on the road.

As we get more info such as pricing etc. I will post it up.

ew “GREEN” Taxi from BYD

3 Comments for “Shenzhens new “GREEN” Taxis”

  1. BYD is an excellent company with a great future, I don’t own shares in it, but have been analyzing it for quite a while. It’s listed in Hong Kong Stock Code 0285.

    With a PE of 12.59 today, it does not appear to be that expensive. However if we compare Market Capitilization of HKD10,860,445,690 (today) to Net Asset Value of RMB 6,627,944,000 (31/12/2009) it does start to feel a bit expensive. It definitely deserves more detailed analysis.

  2. Just found this article which follows up on my above article. It was written by Scott Doggett.

    China’s BYD Hopes to Have 100 Electric Taxis on Shenzhen Roads by Month’s End

    Chinese automaker BYD hopes to have 100 purely electric taxis on Shenzhen’s roads by the end of the month, ClimateWire reported today.

    The company has already placed 30 of its e6 battery-electric taxis into service in the city. Sources say the company will have 560 operating as taxis by the end of the year, with the ultimate goal of 1,500 – or 10 percent of all the city’s cabs.

    The taxies are marked with the words “zero emission” and have the slogan “This is not a conventional car, this is a declaration of environmental protection” written across the back.

    The company says the taxis are not an experiment, but rather “a real business.”

    Taxi drivers say they have not noticed a difference in driving the electric taxis. In fact, many in the Pengcheng Electric Taxi Co. and the Shenzhen Bus Group say the electric vehicles operate the same as gas-powered ones.

    The cars have a range of 186 miles on a single charge, which can take one hour at a fast-charging outlet and four hours at a low-voltage one. There are three charging stations in the city, but there are plans for as many as 12,750 to be built by 2012.

    BYD also plans to release the car in the United States later this year, where it will retail for just over $40,000.

    • Marshall Taplits

      BYD is an interesting company especially since Warren Buffet invested in it. We all welcome cleaner cars and buses!

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The Contributor

Australian Business man living in Shenzhen for over 4 years. Well traveled in China and the rest of the world (not that anything outside of China really matters when you are inside of China). Currently involved in the Wine industry, but previously involved in Tobacco, Medical and Logistics Industries world wide.

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