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Warren Buffett-backed electrical automaker BYD ships 100 automobiles to Norway

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Guests stroll previous BYD Tang and different electrical automobiles on the carmaker’s sales space on the Auto Shanghai 2021 present on April 27, 2021.
Qilai Shen| Bloomberg | Getty Photos

BEIJING — Chinese language automaker BYD introduced Monday it shipped off the primary batch of automobiles for a deliberate supply of 1,500 electrical automobiles to Norway by the top of this 12 months.

The corporate, which is backed by U.S. billionaire Warren Buffett, mentioned 100 items of its all-electric Tang SUV shipped Monday from Shanghai, and are set to reach at dealerships in Norway towards the top of the summer time.

The automobiles are slated to promote for 599,900 Norwegian kroner ($72,418) every, in accordance with BYD. The corporate mentioned it’s working with Scandinavian automotive distributor, RSA, for deliveries and customer support.

A consultant for RSA didn’t instantly reply to a CNBC request for remark. The distributor’s official web site has a hyperlink to a web page on BYD Norway.

Chinese language start-ups’ gateway to Europe

Chinese language electrical automotive start-ups Xpeng and Nio are additionally making inroads into Norway, the place electrical automobiles have dominated new passenger automotive gross sales for the final three years, per the Norwegian Street Federation.

Xpeng mentioned it delivered more than 300 units of its G3 SUV to Norway within the first quarter, after sending 100 automobiles to the market in December. The beginning-up plans to ship an unspecified quantity of its P7 sedan to the market within the second half of the 12 months.

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

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