BYD has entered into a strategic partnership with ARVAL to enhance its presence in the European market. This collaboration, formalized through a Memorandum of Understanding (MoU) signed on February 6th, marks a pivotal step in BYD’s efforts to localize its operations across Europe, aligning with the continent’s ambitious carbon reduction goals.
ARVAL, a wholly-owned subsidiary of the BNP Paribas Group since its inception in 1986, has established a formidable footprint in vehicle leasing and mobility services. With operations spanning 29 countries and territories worldwide, ARVAL manages a fleet exceeding 1.7 million leased vehicles. This partnership with BYD signifies ARVAL’s commitment to diversifying its global automotive portfolio by integrating BYD’s electric passenger and light commercial vehicles, thereby offering a broader range of mobility solutions tailored to European customers’ sustainability objectives.
The collaboration between BYD and ARVAL is built on a shared vision of promoting green mobility. It aims to address the diverse needs, preferences, and budgetary requirements of both corporate and individual clients in Europe by providing them with high-quality, eco-friendly transportation options. By leveraging its comprehensive and high-quality EV lineup, BYD seeks to expand ARVAL’s green vehicle offerings, contributing significantly to the region’s reduction of carbon emissions. Beyond mobility, the partnership encompasses an array of green solutions, including electric vehicles, energy storage systems, and solar power solutions, demonstrating a holistic approach to environmental sustainability.
Key to this strategic alliance is using BYD’s extensive European dealership network, ensuring customers receive top-notch localized services and an exceptional electric driving experience. Schou Shuyi, General Manager of BYD Europe’s Automobile Sales Division, emphasized aligning both companies’ goals towards achieving sustainable mobility. He highlighted the synergy between BYD’s advanced new energy technologies and ARVAL’s expertise in leasing solutions, offering attractive options for customers aiming to green their fleets with BYD electric vehicles.
Alain van Groenendael, CEO and Chairman of ARVAL expressed his enthusiasm for the partnership, underscoring the commitment to providing customers with diverse, reliable, and flexible green mobility solutions. He believes the combined strengths of both companies will encourage more businesses and individuals to transition to electric vehicles, aligning with global efforts to combat climate change.
BYD’s foray into the European market has been marked by rapid expansion. In 2023, the company achieved a milestone by selling over 3 million new energy vehicles worldwide, securing its position as the global leader in new energy vehicle sales. Over the past year, BYD has established a significant presence in Europe, covering 19 countries, including the United Kingdom, France, Germany, Italy, and Spain, with more than 250 dealerships. The company has launched six regional models, including the Yuan Plus (ATTO 3 in some countries), Seal, Dolphin, and Song Plus EV, underscoring its commitment to deepening its market penetration in Europe. Through collaborations with high-quality local partners like ARVAL, BYD aims to further its green transformation efforts and contribute to its global goal of reducing the planet’s temperature by 1°C.