Leasing and mobility giant Ayvens has extended its partnership with Chinese EV giant BYD to seven more markets in Europe.

L-R: Stella Li, executive vice president of BYD, with Tim Albertsen, group CEO of Ayvens

The expanded agreement will provide full-service leasing services to international and local corporate clients, and BYD Lease white-labelled operational leasing services for SME clients and private individuals, in Greece, Hungary, Portugal, Finland, Ireland, Romania and Sweden.

The expansion follows the Memorandum of Understanding (MoU) signed in 2024 by the two companies, which paved the way for a tie-up to distribute electric passenger cars and light commercial vehicles for corporate and retail customers in Europe.

The extended deal brings the number of participating European countries to 11, following successful partnerships in Belgium, France, Luxembourg and the Netherlands.

The partnership aims to leverage Ayvens’ expertise in full-service leasing, alongside BYD’s experience in electric vehicle manufacturing. Together, they will deliver mobility solutions tailored to meet the bespoke needs of each market, with full-service leasing solutions through the BYD dealership network.

BYD is committed to continuous improvement and innovation and recently expanded its range of vehicles with the launch of Denza, a new brand dedicated to the premium segment.

BYD Lease provides comprehensive electric vehicle fleet solutions for the automaker’s full line-up of electric vehicles and services, including advisory services and operational leases, as well as end-to-end charging services.

Stella Li, executive vice-president of BYD, said: “An important element of our strategy in Europe is to partner with key specialists across the industry, and these new agreements allow us to build on what is already proving a successful offering in four markets. We are determined to make our sustainable technologies accessible to as many people as possible, and we look forward to working with Ayvens to offer attractive leasing solutions in seven additional countries.”

Ayvens now has over 100 agreements in place with 18 car manufacturers with a broad pan-European coverage in 31 countries.

Tim Albertsen, group CEO at Ayvens, said: “This initiative fully illustrates our dedication to supporting our partners with best-in-class white label leasing services, fostering mutual growth and success. We are optimistic about our future together with BYD and committed to collaborating closely together to expand access to market-leading electric vehicles and battery technology in the years ahead.”