Arval, a prominent vehicle leasing and mobility solutions provider, has signed a Memorandum of Understanding (MoU) with BYD, a leading electric vehicle manufacturer. This strategic partnership aims to accelerate the transition to electric vehicles (EVs) for Arval's clients across Europe, including private individuals and corporate fleets.
Arval will now offer BYD's range of electric vehicles within its leasing portfolio, enhancing the accessibility and attractiveness of EVs for its customers. This collaboration covers Italy, Spain, and Germany, following recent joint ventures in Brazil.
BYD, known for its innovation in electric mobility, has rapidly expanded its presence in Europe since 2022, launching five models in 19 countries. The partnership will leverage Arval’s expertise in fleet electrification and BYD’s cutting-edge EV technology, providing comprehensive solutions for sustainable mobility.
Key initiatives include dedicated consulting methodologies, Arval Charging Services, and telematics-based solutions like Arval Connect, all aimed at facilitating the adoption of EVs. Alain van Groenendael, Arval's CEO, emphasized the importance of a collaborative ecosystem for successful energy transition. Michael Shu, Managing Director of BYD Europe, highlighted the mutual benefits of combining BYD’s advanced EV technology with Arval’s leasing expertise.
This partnership underscores both companies' commitment to promoting sustainable transportation and making electric mobility more accessible.
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