(Yicai Global) Feb. 15 -- China's southern province of Guangdong plans to use all-electric public buses in three of its major cities by 2020, making the Pearl River Delta region a model for the rest of the country.
The buses will be introduced in Shenzhen, Guangzhou and Foshan in 2018, 2019 and 2020, respectively, according to a recent document issued by the province's development and reform commission. The plan also requires ownership of new energy buses in the Pearl River Delta to exceed 85 percent by 2020, with the proportion of electric buses at over 75 percent.
BYD Auto Co. [SHE:002594], China's biggest maker of electric vehicles, is based in Shenzhen. It lost an order from Shenzhen Western Bus Co. worth nearly CNY1.8 billion (USD262 million) last July. The Shenzhen government-owned bus operator cancelled its procurement plan for 2,919 new energy buses due to an adjustment in transport capacity, BYD said on July 11.
Large-scale and commercial operation of pure electric buses should also be applied throughout Guangdong province by that time, according to the document. The ownership of new energy buses should exceed 75 percent, and the proportion of electric buses should be more than 65 percent.