Arval UK has partnered BYD UK, a unit of Chinese multinational manufacturing conglomerate BYD, to introduce BYD Lease to offer vehicle leasing services to UK customers.
The BYD model range has expanded significantly over the past 18 months, now encompassing four new models, with the SEALION 7 set to arrive soon. All models within the range are now available through BYD Lease.
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BYD UK sales and marketing director Steve Beattie said: “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. 2024 was a really successful year for BYD, with the launch of the first plug-in hybrid and hitting our 10,000th sale – in less than two years.”
The introduction of BYD Lease follows another year of strong growth for BYD UK.
Since its official UK launch in March 2023, the company has seen a 658% increase in vehicle sales. Last year, it delivered more than 8,700 cars and sold 4.27 million new energy vehicles, making it the third-largest automotive brand worldwide.
Commenting on the partnership, Arval UK retail director Eliott Woodhead said: “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 complements our own plans for growth in the UK leasing sector and strengthens the existing relationship between BYD and the wider BNP Paribas Group.”
BYD UK initially entered the market with the ATTO 3 C-segment SUV in March 2023. The company has since introduced four additional models in less than two years, with the SEALION 7 set to join the line-up shortly.
The company’s retail presence has expanded from 14 sites to 60 retailers across the UK, with further expansion plans slated for this year.
