The UK's Octopus Electric Vehicles Purchases 5,000 EVs from China's BYD

The UK's Octopus Electric Vehicles, the EV specialist business from the Octopus Energy Group, has agreed a deal to purchase 5,000 new EVs from China's BYD for its customers over the next three years.  The initial order will include the BYD ATTO 3, an all-electric SUV, which makes its UK debut in March.

The BYD ATTO 3 boasts a 260 mile range.

It is the latest EV model to be offered by Octopus EV, which now has over 85 models available to customers. 

Octopus EV leases cars, installs charge points, provides specialist EV energy tariffs, and offers access to over 380,000 public charge points across Europe via Octopus Electrovers.

BYD has a diverse business scope covering automobiles, rail transit, new energy, and electronics, with over 30 industrial parks in China, the US, Canada, Japan, Brazil, Hungary, and India.

Oliver Boots, Chief Commercial Officer at Octopus Electric Vehicles, says: “When Octopus Electric Vehicles launched, there were only a handful of EVs on the market - we’re now at more than 85 and the figure is rising all the time. Customers have an amazing range of models to choose from, all of which are at the cutting edge of tech and are fun to drive. Being able to partner with BYD as they launch in the UK is a real milestone.”

Michael Shu, General Manager and Managing Director, BYD Europe and International Cooperation Division, adds: “We are delighted to enter this cooperation with Octopus EV. This is an exciting new chapter for BYD as we bring our latest products and leading technologies to customers in the UK, as shown in our innovative range of electric passenger cars, starting with the BYD ATTO 3. BYD staunchly believes in partnerships with like minded organisations, and our shared commitment to eMobility and sustainable innovation for a greener future, endorses our mutual aims.”

Octopus Electric Vehicles sits within the wider Octopus Energy Group, which has received $900m in funding over the last two years, giving it a valuation of $5bn.