{"id":32994,"date":"2022-10-05T08:54:59","date_gmt":"2022-10-05T12:54:59","guid":{"rendered":"https:\/\/autosector.com\/?p=32994"},"modified":"2022-10-05T08:54:59","modified_gmt":"2022-10-05T12:54:59","slug":"byd-widens-its-presence-in-europe-by-selling-100000-evs-to-sixt","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=32994","title":{"rendered":"BYD widens its presence in Europe by selling 100,000 EVs to German rental company SIXT"},"content":{"rendered":"

Mere months after announcing its expansion into several European markets, Chinese automaker Build Your Dreams (BYD)<\/a> is making quick moves to get more of its EVs on streets overseas. German car rental company SIXT has just signed on to purchase around 100,000 EVs from BYD that will be available to rent in Europe beginning this year.<\/p>\n

BYD is on a roll this week\u2026 actually this entire year. A few days ago, the Chinese EV automaker shared its September sales numbers, showcasing record highs for a seventh straight month<\/a> and 161% year-over-year growth compared to 2021.<\/p>\n

BYD\u2019s new markets outside of China showed similar growth trends, despite the automaker only announcing entry into Europe this summer. BYD will sell three EVs in the EU to begin, including the Atto 3 priced under 40,000 euros. <\/p>\n

With EV deliveries to Germany and Sweden beginning this quarter<\/a> and plans for sales in Japan as well, there is a lot to be optimistic about in regard to BYDs prospective future.<\/p>\n

SIXT has taken notice as well, and looks to be the first car rental company in Europe to offer BYD EVs. If you live in Europe and haven\u2019t seen a BYD vehicle before, there\u2019s a good chance you\u2019ll see one on the road before the end of 2022.<\/p>\n

\"Sixt
Source: SIXT<\/figcaption><\/figure>\n

SIXT and BYD sign purchase agreement for 100K EVs by 2028<\/h2>\n

According to a press release<\/a> from SIXT, it will purchase \u201caround 100,000\u201d EVs from BYD to offer as rental vehicles throughout Europe. The first stage of the agreement includes several thousand BYD EVs that will be available to customers this quarter, beginning in Germany, France, the Netherlands, and the UK.<\/p>\n

This initial purchase will consist of Atto 3 c-segment SUVs, so European customers using SIXT can expect to rent those EVs first. The Atto 3 also features BYD\u2019s unique blade batteries<\/a>. <\/p>\n

According to SIXT, its initial order for BYD EVs is the first phase of a six-year rollout that should total roughly 100K vehicles. This massive purchase agreement is part of the rental company\u2019s strategy to electrify 70-90% of its fleet in Europe by 2030. SIXT SE\u2019s chief business officer Vinzenz Pflanz elaborated:<\/p>\n

\n

SIXT offers easy-to-use, flexible, and limitless mobility to its customers every day. With over one million units produced from January to August 2022, BYD is the world\u2019s largest vehicle manufacturer in the area of eMobility. The agreement with BYD is an important milestone to deliver on our promise of putting significantly more e-cars onto the street. We are very much looking forward to our cooperation with BYD.<\/p>\n<\/blockquote>\n

Although SIXT\u2019s current agreement for BYD EVs includes the EU and UK only, the companies relayed that they are already exploring potential opportunities to collaborate in different regions around the world. That could very well mean China and Japan, but probably not the US yet. Although SIXT operates in the United States, BYD does not sell passenger EVs there.<\/p>\n

If they were to do so, it could make for some excellent competition, as SIXT\u2019s car rental competitors like Hertz have already signed similar purchase agreements<\/a> for EVs with automakers like Tesla and most recently, GM<\/a>. Check back with Electrek <\/em>soon to see what BYD is up to next, it\u2019s sure to be something.<\/p>\n

\n

FTC: We use income earning auto affiliate links.<\/em> More.<\/a><\/p>\n

<\/div>\n\n

Subscribe to Electrek on YouTube for exclusive videos<\/a> and subscribe to the podcast<\/a>.<\/p>\n