The initial order will include the BYD Atto 3, which will be available under the Salary Sacrifice program.
BYDDY.US | BYD HK
(Image credit: BYD)
BYD (OTCMKTS: BYDDY), which just last week officially announced its entry into the UK passenger car market, has signed a purchase agreement with a local car rental company.
BYD entered into a partnership with UK-based Octopus Electric Vehicles (Octopus EV) on March 10, which plans to buy 5,000 BYD electric vehicles over the next 3 years, according to a press release today.
The initial order will include the BYD Atto 3, an all-electric C-segment SUV that debuted in the UK this month.
The vehicles will be offered with the Salary Sacrifice program, one of the most affordable ways to lease BYD vehicles in the UK, according to the Chinese new energy vehicle (NEV) maker.
The start of this commercial relationship lays the foundations for Octopus EV to become a BYD partner for the Salary Sacrifice scheme in the UK, with plans for further orders in the future, the release said.
A salary sacrifice program is an agreement to reduce an employee's cash compensation entitlement, usually in exchange for a non-cash benefit.
Founded in 2018, Octopus EV is a subsidiary of Octopus Energy Group, one of Europe's largest renewable energy investors based in the UK.
Octopus EV offers services including electric vehicle leasing, charging post installation, and special discounted tariffs for electric vehicles through its parent company.
On March 8, BYD announced the official start of sales of the Atto 3 in the UK, its first passenger car offered in the country.
The model will start at £36,490 ($43,230) in the UK and local deliveries will begin on March 15, BYD said last week.
The first BYD pioneer stores will open soon, in the backbone of the U.K., including Birmingham, Manchester, Glasgow and Milton Keynes, the company said.
The Atto 3, known in China as the Yuan Plus, went on sale on February 19, 2022, and is the first SUV on BYD's all-electric platform, e-platform 3.0.
BYD to deliver 100,000 EVs to German car rental firm SIXT over next six years
The post BYD signs deal to supply 5,000 EVs to UK car rental firm Octopus EV over 3 years appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Seres and Huawei will jointly launch a new vehicle platform, the first flagship model of which is scheduled for release in 2023.
Newrizon was founded in September 2020 by former NIO senior vice president Huang Chendong.
BYD will sell all-electric versions of its Tang SUV and Han sedan through seven dealers in Mexico in 2023, an executive said last year.
CATL will provide technology and service support for the production of the LFP battery plant, while Ford will be responsible for cell and vehicle integration.
NIO has entered into strategic partnerships with highway authorities in Anhui, Zhejiang and Jiangsu in the more economically developed Yangtze River Delta region of China.
Gotion and InoBat will explore building a 40 GWh cell and Pack facility in Europe and explore producing energy storage batteries based on the latter's existing facility in Slovakia.