BYD announces its entry into the German and Swedish markets, and new energy passenger vehicles accelerate to the overseas market

On the evening of August 1 , BYD announced a partnership with Hedin Mobility , a leading European dealership group , to provide new energy vehicle products for the Swedish and German markets.

Online signing ceremony site  Image source: BYD

In the Swedish market, as BYD’s passenger car distribution and dealer partner, Hedin Mobility Group will open offline stores in multiple cities. In the German market, BYD will cooperate with Hedin Mobility Group to select a number of local high-quality distributors, covering multiple regions in Germany.

In October this year, a number of pioneer stores in Sweden and Germany will officially open, and more stores will be launched in multiple cities one after another. At that time, consumers can experience BYD’s new energy vehicle products up close, and the first vehicles are expected to be delivered in the fourth quarter of this year.

BYD said that the continuous deepening of the Swedish and German markets will have a strategic and far-reaching impact on BYD’s European new energy business.

Data show that in the first half of this year, BYD’s new energy passenger vehicle sales exceeded 640,000 units, a year-on-year increase of 165.4%, and the cumulative number of new energy vehicles served exceeded 2.1 million customers. While sales in the domestic market continue to soar, BYD has accelerated its deployment in the overseas passenger vehicle market. Since last year, BYD has made frequent moves to expand the overseas passenger vehicle market.