BYD consolidates its supremacy over Tesla with a huge deal with a German company

BYD consolidates its supremacy over Tesla with a huge deal with a German company

If some of them arrive before the end of 2022, Sixt Car Rental Company in Europe will add more than 100,000 electric vehicles from Chinese manufacturer BYD to its massive fleet in the old continent. According to Sisket’s official statement, BYD vehicles will make their debut in Germany, France, the Netherlands, and the United Kingdom in the final quarter of this year.

The deal was reached two weeks after competitor Hertz revealed its intention to purchase up to 175,000 electric vehicles from General Motors over the following five years. total number of vehicles you will own by 2024.
The agreement between Sixt and BYD helps the German firm achieve its goal of sustainability, as it plans to provide power for 70% to 90% of its fleet of vehicles in Europe by 2030 after pledging to offer 20 different electric models to its clients by the end of 2022.

Included among them are BYD, the most recent of all, Audi, Opel, Renault, and BMW.
In an effort to break into the European market, BYD is making its third attempt there. The Tang electric SUV was initially introduced in Norway in 2020. Last week, BYD revealed the presale prices for three electric vehicles that it will sell in Europe: the Ato3 SUV will cost 38,000 euros, the Han sedan will cost 72,000 euros, and the Tang will cost the same. According to the deal with its Chinese equivalent, Sixt will initially purchase the Ato3.

BYD is the biggest electric car manufacturer in the world and outsells Tesla in terms of sales, but most of those sales are concentrated primarily in China. BYD’s profits increased by 206% to 3. 6 billion yuan, or 505 million dollars, in the first half of this year after it sold more than 641,000 electric cars.

BYD secures its dominance over Tesla with a significant agreement with a German corporation.

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