Chinese automaker BYD has announced the signing of the largest single EV order for the Australian market to supply electric commercial vehicles.
The purchase agreement, which is also BYD’s largest Asia-Pacific order, was signed by Australian new energy truck and bus specialist Nexport and Macquarie Group’s Corporate and Asset Finance (CAF) at BYD’s headquarters in Shenzhen. The agreement is a key step in the business and market development cooperation between BYD, Nexport and Macquarie’s CAF Division for the Australia and New Zealand markets.
Under the agreement, Nexport will be responsible for local sales and support of electric BYD trucks sold in Australia and New Zealand. The electric truck range will initially consist of BYD’s T5 and T6 models, designed to meet the needs of operators of 4.5-7 tonne logistics and general commercial trucks. Nexport and BYD are working with Macquarie Corporate and Asset Finance to develop innovative rental and fleet managed service solutions for customers seeking alternatives to outright purchase.
Nexport estimates potential fuel savings in the region of 40 percent for operators of EV light trucks, with the added benefit of zero emissions. Amortised over a 12 month period and with a typical distance travelled of 50,000km, the fuel savings would amount to $6,000-$10,000.
Operating Ranges for the new 2019 vehicle models are in the region of 300km (T5X Model) on a single charge, with BYD being a global leader in lithium battery technology.
In 2017, BYD won trial bus orders (100% electric) from the ACT government. Canberra public transport operator, ACTION Bus, officially commenced operation of BYD electric buses in the same year. BYD also delivered 11 new electric buses for operation at the international terminal at Brisbane Airport Corporation, Australia’s second largest airport. In March 2019, BYD secured an order of 100 forklifts (100% electric) in Australia.