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Stock impact report

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

XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV) 
Company Research Source: CNBC
The cars are slated to sell for 599,900 Norwegian kroner ($72,418) each, according to BYD. Chinese electric car start-ups Xpeng and Nio are also making inroads into Norway, where electric vehicles have dominated new passenger car sales for the last three years, per the Norwegian Road Federation. In this article BEIJING — Chinese automaker BYD announced Monday it shipped off the first batch of vehicles for a planned delivery of 1,500 electric cars to Norway by the end 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 set to arrive at dealerships in Norway toward the end of the summer. The cars are slated to sell for 599,900 Norwegian kroner ($72,418) each, according to BYD. The company said it is working with Scandinavian car distributor, RSA, for deliveries and customer service. A representative for RSA did not immediately respond to a CNBC request for comment. The dist Show less Read more
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