The Chinese manufacturer BYD $1211 (-1,03%) and car subscription provider Drivio have agreed on a comprehensive cooperation in Germany, which provides for the delivery of more than 2,000 vehicles in 2026. With this step, BYD aims to drive forward its growth in the mobility market.
According to BYD, it has significantly expanded its presence in Germany this year: "The European headquarters and the German headquarters have been strengthened by experienced managers from the automotive industry and numerous locations have been opened with established trading partners," says the manufacturer.
Partnerships are now to ensure further growth in the mobility market.
"Car subscriptions have become the fourth pillar in Germany alongside purchasing, financing and leasing," BYD states. The fact that this sales channel plays a central role for the car manufacturer became clear back in June of this year when BYD signed a framework agreement with Finn for the delivery of up to 5,000 vehicles within ten months.
In contrast, the cooperation now concluded with Drivio is somewhat smaller, according to which BYD is to supply more than 2,000 vehicles to the car subscription provider in 2026.
