BYD Co. Ltd. (01211.HK) said Friday that conventional electricity is more promising than high-storage generators known as ultracapacitors for powering buses.
This is why it did not take part in a tender by Kowloon Motor Bus Co. Ltd. (KMB) for ultracapacitor buses. Instead, it will bid for a contract to supply the transport operator with electric buses, a BYD spokesperson told the Hong Kong Economic Journal’s EJ insight.
Earlier, BYD was reported to have lost the tender for ultracapacitor buses. In fact, the company does not make them, the spokesperson said.
BYD said it has won contracts for several thousand units of its K9 electric bus from China, the United States, Israel and the Netherlands.
Meanwhile, Transport International Holdings Ltd. (00062.HK), parent of KMB, has signed a contract with Zhejiang-based China Youngman Automobile Co. Ltd. to buy eight ultracapacitor buses, Apple Daily reported Friday.
The first shipment is expected to arrive in Hong Kong in August in the initial stage of a fleet upgrade that will replace all 400 KMB buses with green units, the report said, citing a KMB spokesman.
Ultracapacitor buses can run eight to 10 kilometers on a single charge lasting six to eight minutes, KMB said, citing some tests in 2012.
KMB plans to buy eight ultracapacitor buses and 10 electric buses with government subidy.
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