26 Apr 22
News

Brazil’s Movida continues electric wave with BYD vehicles acquisition

Brazil’s Movida continues electric wave with BYD vehicles acquisition

Starting in May, Brazilian vehicle leasing and fleet management company Movida will be receiving 250 new BYD electric vehicles (EV) at a price of some 100 million Brazilian reais (US$20.8mn).

With this acquisition of BYD Tan (SUV) and T3 (cargo LCV) vehicles, the company will increase its electrified fleet to 850 from 600. The move follows a multi-million-dollar bond issue in August which was partially aimed at “green fleet” acquisitions and a partnership with Nissan Motors in October to acquire Nissan Leaf EVs.

“The commercial alliance with BYD strengthens our goal of electrifying our fleet by 20% by 2030 and also reducing our greenhouse gas emissions by 30%,” Movida CEO Renato Franklin said in a statement.

Movida is the third largest company of its kind in Brazil, only behind Localiza and Unidas.

photo: BYD Tan and T3 (courtesy of Movida)

 

 

Authored by: Daniel Bland