• BYD has signed an Memorandum of Understanding (MoU) with Ayvens, a global leader in sustainable mobility solutions during a ceremony hosted at BYD Headquarters in Shenzhen
• The collaboration with Ayvens supports the growth of sustainable fleets in Europe, and brings a diverse range of BYD new energy vehicles for corporate and retail customers
• Ayvens will offer tailored electric fleet vehicle solutions to larger enterprise clients in Europe, as well as white label full-service leasing to SMEs and private individuals through BYD’s dealer network

Shenzhen, China - BYD, the world’s leading manufacturer of new energy vehicles, has signed a Memorandum of Understanding (MoU) with Ayvens, a leading global sustainable mobility player. The MoU, formally agreed during a signing ceremony at BYD’s global headquarters in Shenzhen, China on 2nd July 2024, brings together the two high-profile brands to support the distribution of new energy passenger cars and light commercial vehicles, for corporate and retail customers in Europe.

At the BYD hosted ceremony, the MoU was signed by Tim Albertsen, Group CEO of Ayvens, and Ms. Stella Li, Executive Vice President of BYD, in the presence of Mr. Wang Chuanfu, Chairman and President of BYD Company and other representatives from both companies.

Through the agreement, BYD will collaborate with Ayvens in providing corporate clients in Europe with a diverse multi-segment range of new energy vehicles.

Ayvens’ European clients will benefit from a suite of tailored electric fleet vehicle solutions, from advisory services and operational leases, to end-to-end charging services. Ayvens and BYD anticipates supporting more than 30 European enterprises with their electric fleet requirements in the first year of the MoU.

Ayvens will also offer white labelled full-service leasing services to SMEs and private individual through BYD’s dealer network in Europe. Initially operational leasing services will be available in France, the Netherlands, Belgium and Luxembourg with plans for further expansion in additional European markets. Ayvens and BYD will actively explore more opportunities within retail, further developing white label operational lease cooperations, to nurture the transition to electric mobility within Europe.

There will also be enhanced collaboration through training programs and knowledge-sharing initiatives to adopt a culture of continuous improvement and innovation in new energy vehicles and battery technology.

Following the signing of the MoU, Wang Chuanfu, Chairman and President of BYD Company commented: “Innovation and collaboration are key drivers in progressing the global transition to new energy vehicles. Our cooperation with Ayvens reflects our mutual vision to accelerate the development of NEV markets in Europe. Together we offer diverse, accessible and appealing products with pioneering innovation to incentivise the advancement of eco-friendly lease fleets. Globally, BYD innovation in sustainable technology is inspiring the future of mobility and delivering exceptional EV experiences, while fulfilling goals to help reduce carbon emissions.”

Tim Albertsen, Group CEO of Ayvens added: “With BYD, we share a common commitment to promoting low carbon transportation for a more sustainable world. BYD is clearly at the forefront in new energy vehicle development, and we are pleased to be joining forces with them to expand the availability of electric vehicles in Europe, as well as working together to further innovate around electric vehicles and battery technology.”

As the world's leading manufacturer of new energy vehicles, with more than 29 years of power battery expertise, BYD is at the forefront of innovation in sustainable technology on a global scale. BYD’s eco-friendly solutions have propelled the brand as a key player in new energy transition, with pioneering innovations that include the revolutionary Blade Battery and Super DM technology. BYD has already launched seven new models spanning the C to E segment in Europe including the BYD TANG, BYD HAN, BYD ATTO 3, BYD DOLPHIN, BYD SEAL, BYD SEAL U and BYD SEAL U DM-i) The diverse range, including hatchbacks, sedans and SUVs, caters for the varied requirements of European customers. Globally, BYD has cumulatively sold nearly 8 million new energy vehicles.

High resolution picture: https://we.tl/t-i29esMNrFo