BYD signs MoU with Octopus Electric Vehicles in the UK

Manufacturer of new energy vehicles, BYD, has signed a Memorandum of Understanding (MoU) with Octopus Electric Vehicles Ltd. The MoU, providing the basis for a landmark new energy cooperation in the UK, underlines both parties shared vision for a sustainable future in which green energy prevails.

Under the terms of the deal, Octopus EV will purchase 5,000 new energy vehicles from BYD for UK customers over the next three years. They will be available in conjunction with the Salary Sacrifice scheme, providing one of the most economical ways of leasing a BYD car in the UK.

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.

Michael Shu, General Manager and Managing Director, BYD Europe and International Cooperation Division, said: “We are delighted to enter this cooperation with Octopus EV. This is an exciting new chapter for BYD as we bring our latest products and leading technologies to customers in the UK. BYD staunchly believes in partnerships with like-minded organisations, and our shared commitment to eMobility and sustainable innovation for a greener future endorses our mutual aims.”

Oliver Boots, Chief Commercial Officer of Octopus Electric Vehicles, commented: “When Octopus Electric Vehicles launched, there were only a handful of EVs on the market – we’re now at more than 85 and the figure is rising all the time. Customers have an amazing range of models to choose from, all of which are at the cutting edge of tech and are fun to drive. Being able to partner with BYD as they launch in the UK is a real milestone. They’re a global leader and we’re looking forward to being able to offer our 5* Trustpilot service to customers – accelerating our growth and moving us another step closer to zero-emission transport in the UK.”