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

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Visitors locomotion past BYD Tang and different electrical vehicles astatine the carmaker's booth astatine the Auto Shanghai 2021 amusement connected April 27, 2021.

Qilai Shen| Bloomberg | Getty Images

BEIJING — Chinese automaker BYD announced Monday it shipped disconnected the archetypal batch of vehicles for a planned transportation of 1,500 electrical cars to Norway by the extremity of this year.

The company, which is backed by U.S. billionaire Warren Buffett, said 100 units of its all-electric Tang SUV shipped Monday from Shanghai, and are acceptable to get astatine dealerships successful Norway toward the extremity of the summer.

The cars are slated to merchantability for 599,900 Norwegian kroner ($72,418) each, according to BYD. The institution said it is moving with Scandinavian car distributor, RSA, for deliveries and lawsuit service.

A typical for RSA did not instantly respond to a CNBC petition for comment. The distributor's authoritative website has a nexus to a leafage connected BYD Norway.

Chinese start-ups' gateway to Europe

Chinese electrical car start-ups Xpeng and Nio are besides making inroads into Norway, wherever electrical vehicles person dominated caller rider car income for the past 3 years, per the Norwegian Road Federation.

Xpeng said it delivered much than 300 units of its G3 SUV to Norway successful the archetypal quarter, aft sending 100 cars to the marketplace successful December. The start-up plans to present an unspecified magnitude of its P7 sedan to the marketplace successful the 2nd fractional of the year.

Nio plans to statesman delivering its ES8 SUV to Norway successful September, with the ET7 sedan acceptable for section deliveries successful 2022. The institution is acceptable to open a flagship "Nio House" store successful Oslo successful the 3rd quarter.

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