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BYD partners with Jamaican dealer to tap Caribbean markets
The partnership will cover 10 countries and Jamaican dealer ATL will start accepting pre-orders immediately, with deliveries to begin in October.
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) entered into a partnership with Jamaican car dealer ATL Automotive on June 26 to jointly provide new energy passenger car products for the Caribbean markets.
ATL, which was founded in 1997 and has a dedicated workforce of up to 600 employees, has been the largest investor in Jamaica's automotive sector since 2010, according to a BYD press release today. The two held a signing ceremony in Jamaica's capital city of Kingston.
BYD and ATL will work together to provide passenger new energy vehicle (NEV) sales and after-sales services to consumers in the Caribbean, with operations in 10 countries.
ATL has been appointed as BYD's regional dealer for sales and after-sales operations in Jamaica. In addition, ATL will assume regional management responsibilities in nine additional countries, including Trinidad and Tobago, Cayman, Curaçao, Barbados, Aruba, Antigua, Saint Lucia, Guyana, and Suriname.
The two plan to open two BYD showrooms in Jamaica, in Kingston and Montego Bay, in order to provide local consumers with a one-stop experience of BYD technology and BYD products, according to the release.
"We will begin accepting pre-orders immediately, with car deliveries scheduled to commence in October. Then there will be a massive roll-out of showrooms across the Caribbean. The future is electric, and BYD will be Jamaica's and the Caribbean's number one EV brand," said Adam Stewart, executive chairman of ATL.
In the coming year, BYD will complete the construction of 10 stores with ATL, said Neva Zhang, country manager of the Caribbean and Central American Countries of BYD.
BYD's press release did not mention which models will first be available in the Caribbean.
This is the latest development for the Chinese NEV giant in the overseas passenger car market, where it launched the Dolphin model on June 22 with Australian partner EV Direct.
BYD sold 240,220 NEVs in May, up 108.99 percent from 114,943 units in the same month last year and up 14.23 percent from 210,295 units in April.
In May, BYD sold 10,203 NEVs in overseas markets, down 31.19 percent from 14,827 units in April.
The company stopped production and sales of vehicles powered entirely by internal combustion engines in March last year and switched to focus on producing plug-in hybrids and pure electric vehicles.
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Zeekr starts pre-sales of Zeekr 001 and Zeekr X in Europe, deliveries to start within this year
Zeekr's first direct offline stores will open in the Netherlands, Sweden by the end of the year, and it will be in most of Western Europe by 2026.
(Zeekr 001. Image credit: CnEVPost)
Geely Holding Group's premium electric vehicle (EV) brand Zeekr has started pre-sales of two models in Europe, after announcing plans to enter the market two months ago.
Zeekr is bringing the Zeekr 001 shooting brake as well as the Zeekr X city SUV to Europe with starting prices of 59,490 euros ($65,150), and 44,990 euros, respectively, according to a press release today.
Both models will go on sale first in Sweden and the Netherlands, with first deliveries expected to begin within the year, Zeekr said.
Similar to its local counterpart Nio (NYSE: Nio), Zeekr will bring its direct sales model from China to Europe.
Zeekr's first direct offline stores will open in Stockholm, Sweden, and Amsterdam, Netherlands, by the end of the year, and it will be in most of Western Europe by 2026, according to the release.
(Zeekr X. Image credit: CnEVPost)
Zeekr was officially launched as an independent company in March 2021, with its first model, the Zeekr 001, launched on April 15, 2021, and deliveries in China starting in October 2021.
The Zeekr 001 is currently offered in four versions in China with starting prices of RMB 300,000 ($41,410), RMB 300,000, RMB 349,000 and RMB 386,000 respectively.
On November 1, 2022, Zeekr's second model, the Zeekr 009 MPV, was officially launched, and its delivery started on January 15.
On April 12, Zeekr unveiled its third model, the Zeekr X, and its deliveries in China began on June 12.
The Zeekr X is currently offered in three versions in China, with starting prices of RMB 189,800, RMB 209,800 and RMB 209,800 respectively.
On April 18, Zeek announced its European strategy on the first day of the Shanghai auto show, stating that its European headquarters will be located in Amsterdam.
In the Netherlands, Zeekr offers three versions of the Zeekr 001 with starting prices of 59,490 euros, 62,490 euros and 67,490 euros respectively. Zeekr X is offered in two versions in the Netherlands with starting prices of 44,990 euros and 49,490 euros respectively.
In Sweden, the Zeekr 001 is available in three versions starting at 677,000 SEK ($62,760), 707,000 SEK and 757,000 SEK. The Zeekr X is available in two versions in Sweden starting at 550,000 SEK and 595,000 SEK.
The Zeekr 001 and Zeekr X were developed at Zeekr's global design and development center in Gothenburg, Sweden, the company said in April.
Zeekr's European team of more than 1,500 engineers and designers is already in place and has produced multiple models for the Geely. Their long-standing experience has been a core strength of Zeekr's successful entry into Europe, the company said.
Zeekr delivered 8,678 vehicles in May, bringing January-May deliveries to 32,013, up 117.66 percent from the same period last year, according to figures released earlier this month.
The company is aiming to double deliveries this year from last year's 71,941 units to about 140,000.
($1 = 0.9131 euros, $1 = RMB 7.2445, $1 = 10.7870 SEK)
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