Uber and BYD Partner to Accelerate Global EV Transition
31 Julio 2024 - 6:00AM
Business Wire
Multi-market agreement to offer best-in-class
EV pricing and financing for Uber drivers
Companies also agree to collaborate on future
BYD autonomous-capable vehicles to be deployed on the Uber
platform
Uber Technologies, Inc. (NYSE: UBER) and BYD Co. Ltd. today
announced a multi-year strategic partnership designed to bring
100,000 new BYD electric vehicles onto the Uber platform across key
global markets. Beginning first in Europe and Latin America, the
partnership is expected to offer drivers access to best-in-class
pricing and financing for BYD vehicles on the Uber platform, and
will expand to include markets across the Middle East, Canada,
Australia, and New Zealand.
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Uber and BYD announced a multi-year
strategic partnership (Graphic: Business Wire)
Both companies are EV leaders in their respective categories:
Uber has the most widely available on-demand EV network in the
world, and BYD is a global leader in EV production. By working
together, the companies aim to bring down the total cost of EV
ownership for Uber drivers, accelerating the uptake of EVs on the
Uber platform globally, and introducing millions of riders to
greener rides.
While Uber drivers are going electric five times faster than
private car owners, driver surveys show the price of EVs and
availability of financing remain the key barriers to switching. In
addition to their affordability, BYD vehicles have lower costs of
maintenance and repair, and are well suited to rideshare due to the
wide range of models, superior battery performance, and excellent
build quality.
To support drivers going electric, the companies’ joint efforts
may also include discounts on charging, vehicle maintenance, or
insurance, as well as financing and lease offers, based on what
works best for drivers in a given market.
The two companies will also collaborate on future BYD
autonomous-capable vehicles to be deployed on the Uber platform. As
the largest on-demand mobility and delivery platform in the world,
Uber is well-positioned to bring autonomous vehicle technology to a
global audience at scale.
“Uber and BYD share a commitment to innovate towards a cleaner,
greener world, and I am excited to work together towards that
future,” said Chuanfu Wang, Chairman and President of BYD.
“As the largest global agreement of its kind, we’re thrilled
about the benefits this partnership will deliver for drivers,
riders, and cities,” said Dara Khosrowshahi, CEO of Uber. “When an
Uber driver makes the switch to an EV, they can deliver up to four
times the emissions benefits compared to a regular motorist, simply
because they are on the road more. Many riders also tell us their
first experience with an EV is on an Uber trip, and we’re excited
to help demonstrate the benefits of EVs to more people around the
world.”
Stella Li, Executive Vice President of BYD and CEO of BYD
Americas, also commented, “We are elated to join forces with a
global leader like Uber to not only accelerate the transition to
electric vehicles but also to make green transportation accessible
and affordable for everyone. This collaboration marks a new era in
the electrification of urban mobility, and we look forward to
seeing our cutting-edge EVs become a common sight on the streets of
cities worldwide.”
About Uber:
Uber’s mission is to create opportunity through movement. We
started in 2010 to solve a simple problem: how do you get access to
a ride at the touch of a button? More than 49 billion trips later,
we're building products to get people closer to where they want to
be. By changing how people, food, and things move through cities,
Uber is a platform that opens up the world to new
possibilities.
About BYD:
BYD is a multinational high-tech company devoted to leveraging
technological innovations for a better life. Founded in 1995 as a
rechargeable battery maker, BYD now boasts a diverse business scope
covering automobiles, rail transit, new energy, and electronics,
with over 30 industrial parks in China, the United States, Canada,
Japan, Brazil, Hungary, and India. From energy generation and
storage to its applications, BYD is dedicated to providing
zero-emission energy solutions that reduce global reliance on
fossil fuels. Its new energy vehicle footprint now covers 6
continents, over 80 countries and regions, and more than 400
cities. Listed in both Hong Kong and Shenzhen Stock Exchanges, the
company is known to be a Fortune Global 500 enterprise that
furnishes innovations in pursuit of a greener world.
For more information, please visit www.bydglobal.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240731518566/en/
BYD: jose.miranda@byd.com Uber: press@uber.com
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