BYD continues to expand business in Europe

Chinese automaker BYD continues to expand its business in Europe by developing local partnerships. Recently, BYD signed a Memorandum of Understanding (MoU) with Ayvens, a leading global sustainable mobility player. 

“Our cooperation with Ayvens reflects our mutual vision to accelerate the development of New Energy Vehicle markets in Europe. Together we offer diverse, accessible, and appealing products with pioneering innovation to incentivize the advancement of eco-friendly lease fleets”, said BYD Chairman and President Wang Chuanfu.

According to Ayvens, its partnership with BYD will help the Chinese EV automaker distribute electric and light commercial vehicles (LCVs) for European corporate and retail customers. Below are the main points of Ayvens and BYD’s MoU. 

• Ayvens’ international and local corporate clients in Europe will benefit from tailored solutions for the full range of BYD EVs, from advice over operational lease offers to end-to-end charging services. 
• Ayvens’ SME and private customers will have access to white-label full-service leasing via the BYD dealer network. These operational leasing services will initially be available in France and Benelux, and expansion into other European markets will follow. 
• Ayvens and BYD will actively explore other opportunities within retail, further developing white-label operational lease cooperation. 
• Both companies will enhance collaboration via training programs and knowledge-sharing initiatives to foster continuous improvement in EVs and battery technology.