Webcast ReviewsStimulating demand for BEVs in the UK and Europe: a complex challenge of cost, confidence and consistency
Auto Finance Sponsored by Auto Finance News BYD UK and Arval UK join forces to launch BYD Lease Published: 5th March 2025 Share BYD UK has announced a strategic partnership with Arval UK to introduce BYD Lease, a new vehicle leasing service aimed at enhancing accessibility to BYD’s electric and plug-in hybrid vehicles for customers across the UK. The BYD model range, which has expanded to include four new models in the past 18 months—with the SEALION 7 set to arrive soon—is now available through BYD Lease. This collaboration leverages Arval UK’s nearly 50 years of vehicle leasing expertise to provide flexible leasing options for both personal and business customers. Steve Beattie, Sales & Marketing Director at BYD UK, commented, “The introduction of BYD Lease is a big step for our growth in the UK. “As one of the top leasing companies in the UK, we’re very happy to be partnering with Arval to make it even easier for our customers to choose BYD.” Elliott Woodhead, Retail Director at Arval UK, added, “We are delighted to work with BYD and their franchise partners to help them promote and sell their innovative range of electric and plug-in hybrid vehicles. “BYD’s ambitious volume aspirations complement our own plans for growth in the UK leasing sector and strengthen the existing relationship between BYD and the wider BNP Paribas Group.” Since its official launch in the UK in March 2023, BYD has experienced significant growth, increasing its sales volume by 658% to over 8,700 cars in 2024, making it the UK’s fastest-growing car brand. Globally, BYD sold 4.27 million new energy vehicles in 2024, positioning the company as the third-largest automotive brand worldwide. Lisa Laverick Editor - Asset Finance Connect Sign up to our newsletter Featured Stories NewsConfidence as important to used EV market as price NewsGrowth in EV pre-registrations presenting challenges for remarketing NewsBMW Group surges ahead in EV sales Auto Finance