STOCK TITAN
The best stock market news and trading tools all in one place—your must-have platform for investing success.
A must-have platform for stock market information, offering the best tools and updates to supercharge your trading.
Your trusted source for the best stock market news, trading tools, and expert advice. Everything traders need, in one place.

BYD Offers Information Assistance with RAISE Grants

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

The U.S. Secretary of Transportation has announced $1 billion in funding through the RAISE program to support sustainable infrastructure projects. BYD aims to assist agencies with applications for funding related to electric vehicles, including battery electric buses and trucks, chargers, and energy storage solutions. The evaluation criteria for projects will focus on safety, environmental sustainability, and economic competitiveness, prioritizing those that improve racial equity and create jobs. Applications must be submitted by July 12, 2021.

Positive
  • BYD is positioned to assist with applications for RAISE program funding, potentially enhancing revenue opportunities.
  • BYD's status as a leader in battery electric buses with over 600 vehicles in operation across the U.S. strengthens its market presence.
Negative
  • None.

The U.S. Secretary of Transportation recently announced that $1 billion will be available through the competitive Rebuilding American Infrastructure with Sustainability and Equity (RAISE) program. BYD stands ready to assist with application information.

Courtesy of BYD

Courtesy of BYD

RAISE, formerly known as BUILD and TIGER, now includes funding opportunities for projects addressing climate change, including energy storage solutions, electric buses and trucks, and the planning and construction of electric vehicle charging stations.

BYD can assist in the application process by providing agencies with the cost of battery electric buses and trucks, chargers, charging infrastructure, energy storage solutions, and grid solutions.

With total solutions for green energy generation and storage, BYD is the USA’s industry leader in battery electric buses and trucks with over 600 vehicles at work across America. BYD’s electric buses meet and exceed Buy America standards.

Projects for RAISE funding will be evaluated based on merit criteria that include safety, environmental sustainability, quality of life, economic competitiveness, state of good repair, innovation, and partnership. Within these criteria, the Department will prioritize projects that can demonstrate improvements to racial equity, reduce impacts of climate change and create good-paying jobs.

For information on BYD products and solutions, contact Maria Mendoza, Director of Bids and Grants, at maria.mendoza1@byd.com, or Jason Yan, Director of Sales Operations, at Jason.yan@byd.com.

Instructions for submitting RAISE applications can be found at www.transportation.gov/RAISEgrants along with specific instructions for the forms and attachments required for submission. Webinars about the grant program can be found at www.transportation.gov/RAISEgrants/outreach.

The deadline to submit an application is July 12, 2021 at 5p.m. Eastern, 2 p.m. Pacific Time.

ABOUT BYD

The Official Sponsor of Mother Nature™, BYD, the world’s leading electric vehicle company, is dedicated to creating a “total solution.” Globally, BYD has committed to corporate social responsibility, deeply monitoring our supply chain in terms of human rights, environmental safety, hazardous substance control and intellectual property rights. We only select suppliers who share our commitment to just labor practices, human rights standards and the environment.

For more information, please visit https://en.byd.com/ or follow BYD on LinkedIn, Twitter, Facebook and YouTube.

FAQ

What is the RAISE funding program announced by the U.S. Secretary of Transportation?

The RAISE program provides $1 billion in funding for sustainable infrastructure projects, prioritizing those that address climate change.

How can BYD assist with RAISE funding applications?

BYD can provide agencies with information on costs related to battery electric buses, trucks, chargers, and energy storage solutions.

What projects are prioritized for RAISE funding under the new program?

Projects that enhance safety, environmental sustainability, economic competitiveness, and promote racial equity are prioritized.

What is the deadline for submitting RAISE funding applications?

The deadline for application submission is July 12, 2021, at 5 p.m. Eastern Time.

How does BYD's electric bus fleet meet industry standards?

BYD's electric buses meet and exceed 'Buy America' standards, showcasing compliance and commitment to domestic manufacturing.

BYD CO LTD UNSP/ADR

OTC:BYDDY

BYDDY Rankings

BYDDY Latest News

BYDDY Stock Data

82.20B
549.00M
0.15%
Auto Manufacturers
Consumer Cyclical
Link
United States of America
Shenzhen