Vitol and BYD invest in new green mobility service

Vitol and BYD, a leading manufacturer of electric vehicles (EVs), rechargeable battery and energy storage systems, have formed a partnership to provide fleet mobility as a service in select markets worldwide.

Together they will offer municipal, corporate and others a comprehensive solution including electric vehicles, charging infrastructure and depot design.

The partners have committed an initial $250mn to the initiative, targeted at organisations, both private and public, that are looking to decarbonise their fleets through electrification.