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Warren Buffett-backed electric maker BYD is sending 100 cars to Norway



Visitors pass BYD Tang and other electric vehicles at the stand of the automaker at the Auto Shanghai 2021 exhibition on April 27, 2021.

Kilai Shen | Bloomberg | Getty Images

BEIJING – Chinese carmaker BYD announced on Monday that it has sent the first batch of vehicles for a planned delivery of 1

,500 electric cars to Norway by the end of this year.

The company, backed by US billionaire Warren Buffett, said 100 units of its all-electric Tang SUV, delivered Monday from Shanghai, would arrive at dealers in Norway by the end of the summer.

The cars are planned to sell for 599,900 Norwegian kroner ($ 72,418) each, according to BYD. The company said it was working with Scandinavian car distributor RSA to supply and serve customers.

An RSA spokesman did not immediately respond to CNBC’s request for comment. The official website of the distributor has a link to a page in BYD Norway.

Portal of Chinese start-ups to Europe

Chinese starter electric cars Xpeng and Nio are also entering Norway, where electric vehicles have dominated new passenger car sales for the past three years, according to the Norwegian Road Federation.

Xpeng said it delivered more than 300 units of its G3 SUV to Norway in the first quarter after sending 100 cars to market in December. The launch plans to deliver an indefinite amount of its P7 sedan to the market in the second half of the year.

Nio plans to begin shipping its SU8 ES8 to Norway in September, with the ET7 sedan set to deliver locally in 2022. The company is set to open a leading Nio House store in Oslo in the third quarter.

Read more about electric vehicles from CNBC Pro


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