DLL and BYD Europe have signed a partnership agreement under which DLL will provide financing solutions for BYD electric trucks and buses across multiple European markets.
The agreement, announced on February 16th, positions DLL, a global asset finance company specializing in equipment and technology, as BYD’s strategic financing partner in Europe, supporting the manufacturer’s ongoing commercial vehicle expansion.
Operations under the partnership will initially cover the Netherlands, Germany, Italy, Spain, France, Portugal, Ireland, Poland and the United Kingdom, with financing solutions set to extend across additional European markets at a later stage.
BYD reports more than 8,000 electric buses either in operation or on order across over 160 cities in 26 European countries.
DLL to provide financing for BYD trucks and buses
Under the terms of the agreement, DLL will act as BYD’s preferred funder for electric trucks, buses and forklift trucks in the region. The company will provide a full suite of financing instruments, including operational leases, financial leases and loans, targeting commercial vehicle customers adopting BYD battery-electric models.
DLL has already financed BYD buses and trucks over the past year, the company stresses. The new framework formalizes and expands this cooperation across a defined group of European countries, aligning with BYD’s broader regional growth strategy for zero-emission commercial vehicles.
The partnership applies to both direct sales and dealer-based distribution channels, as BYD introduces its electric truck range in Europe alongside its established electric bus portfolio.
In the United Kingdom, BYD has opened its first dedicated European battery service center. The facility is designed as a battery service and repair site and will initially focus on electric bus batteries, with the capacity to serve both commercial and passenger electric vehicles. The UK market hosts a significant number of BYD buses currently in operation.
“Electric buses and trucks are a key element of BYD’s unique, multi-faceted push towards electric mobility in Europe,” said Stella Li, Executive Vice President of BYD. “Partnering with DLL will ensure our customers have access to flexible financing options, making the shift to lower-emission fleets easier and more affordable. This collaboration reinforces our long-term commitment to supporting Europe’s green transformation, especially in the public transport and commercial vehicle sectors.”
“This partnership with BYD represents a major step forward in our eMobility strategy,” says Mike Kinka, President of DLL’s Construction, Transportation, and Industrial business. “By becoming BYD’s preferred funder for trucks, buses, and forklift trucks, we are helping accelerate the adoption of sustainable transport solutions across Europe, pro-actively supporting the transition to reduced emissions fleets.”
