Fleet Finance News

Ayvens and BYD partner to support EV fleets


Ayvens has signed a Memorandum of Understanding (MoU) with BYD to support the Chinese car manufacturers’ distribution of electric cars and LCVs for corporate and retail customers in Europe.  

Through the agreement, the global sustainable mobility player says that its international and local corporate clients in Europe will benefit from tailored electric vehicle (EV) fleet solutions, from advisory services and operational leases to end-to-end charging services, for BYD’s full range of EVs.

White labelled full-service leasing services will also be provided by Ayvens to SME and private individuals through BYD’s dealer network.

Operational leasing services will initially be available in France, the Netherlands, Belgium and Luxembourg, with further expansion envisaged 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.

Tim Albertsen, Group CEO of Ayvens, said: “With BYD, we share a common commitment to promoting environmentally friendly 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.”

The MoU was signed by Ayvens’ Tim Albertsen and Stella Li, Executive Vice President of BYD, during a ceremony at BYD’s global headquarters in Shenzhen, China, in the presence of Wang Chuanfu, Chairman and President of BYD Company and other representatives from both companies.

BYD’s Chuanfu 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.”

The MoU will also allow the two companies to enhance collaboration through training programmes and knowledge-sharing initiatives to foster a culture of continuous improvement and innovation around new energy vehicles and battery technology.

The Ayvens-BYD deal comes days after two Chinese automotive brands, Omoda and Jaecoo, announced their entrance into the UK market following their parent company, Chery International, signing a financial services partnership with BNP Paribas Personal Finance UK and Arval UK.