BYD, a manufacturer of new energy vehicles and products, has signed a Memorandum of Understanding (MoU) with Octopus Electric Vehicles Ltd (Octopus), which will see the latter purchase 5,000 electric vehicles (EVs) for its UK customers during the next three years.
The companies hope the MoU will form the foundation of a new energy cooperation across the UK in order to promote vehicles and products that run on green energy sources.
In addition to the procurement of the EVs, the pair plan to establish a salary sacrifice scheme to help UK workers lease the BYD vehicles in a more affordable way.
Oliver Boots, COO of Octopus, said: “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 five-star Trustpilot service to customers – accelerating our growth and moving us another step closer to zero-emission transport in the UK.”
The initial order will include the BYD ATTO 3, an all-electric C-Segment SUV, which will mark the vehicle’s UK debut when it arrives in March, according to BYD.
This will grow the range of EVs available from Octopus as part of its service that includes car leasing, chargepoint installation and the provision of EV energy tariffs.
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, as shown in our innovative range of electric passenger cars, starting with the BYD ATTO 3.
“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.”