BYD will be expanding its EV leasing deal with the London-based private-car service Thriev, according to recent reports.
The Chinese car manufacturer will now be delivering a further 200 of its e6 electric cars to Thriev by April 2015. The agreement marks what is now the largest overseas rental agreement for the automaker.
BYD has already provided Thriev with 32 of its e6 electric vehicles — which are now currently in use by the chauffeur provider in London. BYD is also currently planning, in addition to the new expansion deal, to bring its e6 cars, as well as electric buses, to major American markets like New York and Chicago.
This new deal represents just another in BYD’s recent line of successes — the company has been on something of a roll lately. Owing to this good fortune the company has seen its stock rise about 25% this year in Hong Kong trading. Compared against the 2.9% rise seen in the benchmark Hang Seng Index, that’s a big rise.
Amongst the company’s other recent successes are the fact that large taxi fleets of its EVs are now in use in Shenzhen in southern China; the company’s recent winning of a tender to provide emissions-free taxis to Brussels (BYD beat out both Nissan Motors and Renault SA to win the Brussels tender); a big spike in EV sales; etc.
The company seems to have gotten itself to a pretty enviable position over these last few years — near the top of the heap, just as the technology is likely approaching a boom period, especially in China.