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Buffett-backed BYD to open electric-truck plant in Canada

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Published Wed, Nov 15, 2017 · 09:50 PM

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Toronto

BYD Co, the Chinese electric-vehicle maker backed by Warren Buffett, plans to open its first assembly plant in Canada, anticipating a surge in demand for electric trucks from municipalities and businesses.

BYD, often described as China's Tesla, will open the plant next year in Ontario and hire about 40 people to start, BYD Canada spokesman Ted Dowling said in a phone interview.

Warren BuffettBYDElectric vehicles

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