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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  BYD Company Limited    1211   CNE100000296

BYD COMPANY LIMITED

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BYD : DHL Expands Green Fleet with Launch of Electric Tractor-Trailer Vehicles in U.S.

11/19/2020 | 08:31am EST

Trucks are being introduced in Los Angeles, with more electric vehicles planned in the U.S. this year

Plantation, FL, November 19, 2020 --(PR.com)-- DHL, the world’s leading international express services provider, is forging ahead with its emissions reduction and climate protection goals with the launch of four BYD Class 8 battery-electric trucks in the United States. DHL is piloting the trucks in the Los Angeles market, just in time for the peak holiday shipping season.

The electric trucks are manufactured by BYD Motors, and built with long-lasting and safe battery technology, capable of running all day on a single charge.

Equipped with a comfortable air-ride cab and air suspension, the trucks have more than enough power and torque to operate at 82,000 lbs. combined weight. DHL plans to use the new trucks in the Los Angeles market, to haul goods to and from the DHL LAX Gateway and local service center facilities.

“The introduction of these efficient electric trucks is a huge step forward, not only toward achieving our own clean transport goals, but also California’s ambitious goals on the adoption of zero-emission vehicles,” said Greg Hewitt, CEO of DHL Express U.S. “By implementing these electric trucks, we will prevent more than 300 metric tons of greenhouse gas emissions from entering the atmosphere per year, as we continue to grow and enhance our clean pick-up and delivery solutions.

The new trucks enhance the company’s already robust alternative fuel vehicle (AFV) fleet in the U.S., which includes fully electric, hybrid-electric, and clean diesel – in addition to low-power electric-assist e-Cargo Cycles.

“As a global leader in logistics and express services, DHL has proved that they’re serious about their commitment to transition to zero-emission trucking,” said John Gerra, Sr. Director of Business Development at BYD Motors. “DHL is doing more than just talking about it; they’re actually putting BYD electric trucks into commercial service, today.”

In addition, DHL Express has 72 all-electric battery-powered vans on order from multiple vendors, which will support DHL pickup and delivery operations throughout California and New York.

In March 2017, Deutsche Post DHL Group, the parent company of DHL Express, registered a significant first for the logistics industry by setting an ambitious goal of reducing its logistics-related emissions to net zero by 2050. Climate protection and sustainability are particularly important for the future direction of Deutsche Post DHL Group's business, and a core element of its Strategy 2025.

To learn more about the DHL Mission 2050, visit https://www.dhl.com/us-en/home/about-us/sustainability/mission-2050.html.

About DHL

DHL is the leading global brand in the logistics industry. Our DHL family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as “The logistics company for the world”. DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 63 billion Euros in 2019.

About BYD
The Official Sponsor of Mother Nature™, BYD, which stands for Build Your Dreams, is the world’s leading electric vehicle company with proven innovative technology for cars, buses, trucks, forklifts, and rail systems – like SkyRail. BYD is dedicated to creating a “total solution” with truly its zero-emission ecosystem offering technology for solar electricity generation, energy storage to save that electricity, and battery-electric vehicles powered by that clean energy. BYD has 220,000 employees across the globe, including nearly 1,000 in North America. Globally, BYD has committed to corporate social responsibility, monitoring our supply chain in terms of human rights, environmental safety, hazardous substance control and intellectual property rights. We only select suppliers who share our commitment to labor practices, human rights standards and the environment.

Contact Information:
BYD
Kelsey Cone
661-436-0513
Contact via Email
byd.com

Read the full story here: https://www.pr.com/press-release/825604

Press Release Distributed by PR.com

Copyright © 2020 PR.com and its licensors , source US Press Releases

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Financials
Sales 2020 143 B 22 171 M 22 171 M
Net income 2020 4 485 M 694 M 694 M
Net Debt 2020 59 958 M 9 276 M 9 276 M
P/E ratio 2020 164x
Yield 2020 0,05%
Capitalization 792 B 102 B 123 B
EV / Sales 2020 5,95x
EV / Sales 2021 4,79x
Nbr of Employees 229 154
Free-Float 50,1%
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Number of Analysts 27
Average target price 176,46 CNY
Last Close Price 261,40 CNY
Spread / Highest target 12,1%
Spread / Average Target -32,5%
Spread / Lowest Target -87,7%
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NameTitle
Chuan Fu Wang Chairman, President & General Manager
Jun Qing Dong Chairman-Supervisory Board
Ya Lin Zhou Chief Financial Officer
Zuo Quan Xia Non-Executive Director
Xiang Yang Lü Vice Chairman
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