BYD Co, China's largest electric vehicle maker, has beaten out five bidders to win a bid to sell 50 electric buses to Argentina, according to the renewable energy technology company.
The contest was launched by the Ministry of Environment as a pilot project to introduce electric public transport in different cities throughout Argentina.
The bid evaluation committee chose BYD amongst a pool of five bidders for its successful 12-meter electric bus, which is already widely used in cities such as London, Los Angeles and Amsterdam.
BYD started to promote its technologies in Argentina in 2011 through its local subsidiary, especially those related to electric vehicles and public transport.
The company signed its first MOU with the Ministry of Industry and the Secretary of Transport in Nov 2011.
Argentinean President Mauricio Macri and Minister of Environment Sergio Bergman spoke highly of the introduction of BYD technologies and electric vehicle models to their nation's public transportation systems.
To better satisfy market demands, BYD plans to build a new local manufacturing plant in Argentina, which is expected to bring foreign investment and jobs to the country.
Called one of "China's Most Admired Companies" by Fortune China in 2016, BYD is committed to driving green mobility solutions forward to help address the challenges and concerns related to traffic congestion.
BYD's electric bus and other new environmentally friendly vehicles have expanded their footprint to 240 cities across 50 countries.
According to BYD, the company looks forward to presenting Argentina with comprehensive Green City Solutions, including other electric mobility technologies such as the new "SkyRail" monorail designed to help the country reduce traffic congestion and transport-related emissions.
BYD said the company, along with its shareholders, including Warren Buffet, sees these environmentally and economically advanced products as the way of the future.