BYD has recently received an order to export 700 electric buses to Israeli transit company Dan Bus, Caijing reported today. The order, which has already been signed by BYD and Dan Bus, is estimated to bring in around 1.5 billion yuan ($236.86m) for the manufacturer.

The BYD electric buses will replace about half of Dan’s current fleet. The order marks the first time an Israeli company has imported full-size electric buses to the country. BYD’s K9 pure electric bus (pictured) carries a price tag of over 2.1 million yuan ($331,601), which is why reports value the order at 1.5 billion yuan. Li Yunfei, who is assistant to the general manager for BYD, explains that the buses will not all be sold at once, but rather in separate shipments.

BYD’s home city of Shenzhen, Guangdong already has hundreds of K9 buses in its bus fleet. Several other Chinese cities, including Xi’an and Changsha, also use the buses. The manufacturer is hoping to sell the K9 in Tianjin via a newly formed subsidiary company.